Valeo Financial Advisors LLC Lowers Stake in Alibaba Group Holding Limited $BABA

Valeo Financial Advisors LLC cut its position in Alibaba Group Holding Limited (NYSE:BABA) by 25.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,098 shares of the specialty retailer’s stock after selling 1,385 shares during the period. Valeo Financial Advisors LLC’s holdings in Alibaba Group were worth $465,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 1248 Management LLC purchased a new position in Alibaba Group in the first quarter worth about $26,000. North Ridge Wealth Advisors Inc. purchased a new position in Alibaba Group in the first quarter worth about $26,000. Summit Securities Group LLC raised its holdings in Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after buying an additional 59,000 shares during the last quarter. Ransom Advisory Ltd purchased a new position in Alibaba Group in the first quarter worth about $26,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after buying an additional 196 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $181.15 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The company has a market capitalization of $431.88 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.14 and a beta of 0.18. The firm’s 50 day simple moving average is $144.47 and its two-hundred day simple moving average is $127.08.

Analyst Ratings Changes

A number of brokerages have recently commented on BABA. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Benchmark lifted their price target on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Jefferies Financial Group lifted their price target on shares of Alibaba Group from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $170.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $184.19.

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.