Invictus RG lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 18.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,250 shares of the specialty retailer’s stock after selling 505 shares during the period. Invictus RG’s holdings in Alibaba Group were worth $389,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Shine Investment Advisory Services Inc. purchased a new position in shares of Alibaba Group in the 2nd quarter worth approximately $102,000. First Eagle Investment Management LLC purchased a new position in shares of Alibaba Group in the 3rd quarter worth approximately $104,000. Winch Advisory Services LLC boosted its stake in shares of Alibaba Group by 147.4% in the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after buying an additional 482 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Alibaba Group in the 2nd quarter worth approximately $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Alibaba Group by 29.0% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 38.13% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) opened at $168.96 on Wednesday. Alibaba Group Holding Limited has a 1 year low of $86.01 and a 1 year high of $191.75. The stock has a market cap of $434,256.47, a price-to-earnings ratio of 49.29, a P/E/G ratio of 1.28 and a beta of 2.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.71 and a quick ratio of 1.71.

BABA has been the topic of a number of research reports. Bank of America reaffirmed a “buy” rating and issued a $200.00 price target on shares of Alibaba Group in a report on Monday, October 16th. Needham & Company LLC lifted their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price target (up previously from $165.00) on shares of Alibaba Group in a report on Friday, August 25th. Vetr cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price target on the stock. in a report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $184.15.

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About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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