Great Lakes Advisors LLC Reduces Holdings in Alibaba Group Holding Limited $BABA

Great Lakes Advisors LLC reduced its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,172 shares of the specialty retailer’s stock after selling 7,520 shares during the quarter. Great Lakes Advisors LLC’s holdings in Alibaba Group were worth $15,938,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BABA. Primecap Management Co. CA increased its stake in Alibaba Group by 0.7% during the 2nd quarter. Primecap Management Co. CA now owns 20,764,276 shares of the specialty retailer’s stock valued at $2,354,877,000 after purchasing an additional 140,579 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Alibaba Group by 8.0% during the second quarter. Fisher Asset Management LLC now owns 5,267,441 shares of the specialty retailer’s stock valued at $597,381,000 after buying an additional 390,883 shares during the last quarter. Norges Bank acquired a new position in shares of Alibaba Group in the second quarter valued at about $527,243,000. Discerene Group LP increased its holdings in shares of Alibaba Group by 0.6% in the second quarter. Discerene Group LP now owns 2,985,487 shares of the specialty retailer’s stock valued at $338,584,000 after purchasing an additional 18,400 shares during the period. Finally, AMF Tjanstepension AB raised its stake in shares of Alibaba Group by 8.7% in the second quarter. AMF Tjanstepension AB now owns 2,691,686 shares of the specialty retailer’s stock worth $305,728,000 after purchasing an additional 216,571 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $174.43 on Friday. The company has a market capitalization of $416.44 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.83 and a beta of 0.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. The company’s fifty day moving average price is $158.25 and its 200 day moving average price is $151.60. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67.

More Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Analyst Ratings Changes

A number of equities research analysts recently commented on BABA shares. Rosenblatt Securities set a $195.00 target price on Alibaba Group in a research report on Wednesday, November 26th. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Wednesday, January 21st. Nomura increased their price objective on shares of Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a research note on Monday. Wall Street Zen cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Macquarie reaffirmed an “outperform” rating on shares of Alibaba Group in a report on Tuesday, November 25th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

Read Our Latest Stock Analysis on Alibaba Group

Alibaba Group Company Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Recommended Stories

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.