Strategic Investment Solutions Inc. IL Cuts Stake in Alibaba Group Holding Limited $BABA

Strategic Investment Solutions Inc. IL lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 26.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 251 shares of the specialty retailer’s stock after selling 88 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in Alibaba Group were worth $28,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. CX Institutional increased its holdings in shares of Alibaba Group by 11.1% in the 2nd quarter. CX Institutional now owns 2,251 shares of the specialty retailer’s stock valued at $255,000 after purchasing an additional 224 shares in the last quarter. BigSur Wealth Management LLC increased its holdings in shares of Alibaba Group by 3.6% in the 2nd quarter. BigSur Wealth Management LLC now owns 25,630 shares of the specialty retailer’s stock valued at $2,958,000 after purchasing an additional 900 shares in the last quarter. Harrell Investment Partners LLC purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $367,000. Missouri Trust & Investment Co increased its holdings in shares of Alibaba Group by 2.9% in the 2nd quarter. Missouri Trust & Investment Co now owns 13,200 shares of the specialty retailer’s stock valued at $1,497,000 after purchasing an additional 375 shares in the last quarter. Finally, EWG Elevate Inc. increased its holdings in shares of Alibaba Group by 5.2% in the 2nd quarter. EWG Elevate Inc. now owns 1,977 shares of the specialty retailer’s stock valued at $224,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Alibaba Group stock opened at $171.88 on Friday. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $180.16. The stock has a market capitalization of $409.77 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.02 and a beta of 0.11. The firm’s 50-day moving average is $134.37 and its two-hundred day moving average is $124.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BABA shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $160.00 price target on shares of Alibaba Group in a report on Saturday, August 30th. Arete raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Wednesday, September 3rd. Citigroup reissued a “buy” rating on shares of Alibaba Group in a research note on Wednesday. Mizuho increased their price objective on shares of Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research note on Tuesday, September 2nd. Finally, Benchmark increased their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $172.81.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.