QV Investors Inc. Sells 10,280 Shares of Alibaba Group Holding Limited $BABA

QV Investors Inc. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,837 shares of the specialty retailer’s stock after selling 10,280 shares during the quarter. QV Investors Inc.’s holdings in Alibaba Group were worth $7,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Accent Capital Management LLC raised its position in shares of Alibaba Group by 5.5% during the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock worth $209,000 after acquiring an additional 82 shares during the last quarter. Greenleaf Trust increased its holdings in Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock valued at $1,102,000 after purchasing an additional 85 shares during the last quarter. Principal Securities Inc. increased its holdings in Alibaba Group by 0.5% in the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after purchasing an additional 89 shares during the last quarter. CWM LLC increased its holdings in Alibaba Group by 0.8% in the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock valued at $1,364,000 after purchasing an additional 92 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Alibaba Group by 1.0% in the second quarter. Fifth Third Bancorp now owns 9,779 shares of the specialty retailer’s stock valued at $1,109,000 after purchasing an additional 94 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 1.5%

BABA stock opened at $174.49 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $416.00 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.33 and a beta of 0.18. The business has a 50-day moving average of $155.80 and a 200-day moving average of $130.74. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67.

Wall Street Analyst Weigh In

BABA has been the subject of a number of recent analyst reports. Mizuho set a $195.00 price objective on Alibaba Group in a report on Wednesday. Citigroup reiterated a “buy” rating on shares of Alibaba Group in a report on Wednesday, September 24th. Nomura upped their price objective on Alibaba Group from $170.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Jefferies Financial Group boosted their target price on Alibaba Group from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Barclays boosted their target price on Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.18.

Alibaba Group 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.