Capital Guardian Trust Co. lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,007,635 shares of the specialty retailer’s stock after selling 20,866 shares during the period. Alibaba Group makes up approximately 3.0% of Capital Guardian Trust Co.’s holdings, making the stock its largest position. Capital Guardian Trust Co.’s holdings in Alibaba Group were worth $174,029,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Eagle Investment Management LLC bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $104,000. Winch Advisory Services LLC grew its position in shares of Alibaba Group by 147.4% during the 2nd quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 482 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in shares of Alibaba Group during the 2nd quarter valued at $116,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Alibaba Group by 29.0% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock valued at $125,000 after acquiring an additional 200 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Alibaba Group by 22.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock valued at $139,000 after acquiring an additional 179 shares during the period. 38.13% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on BABA shares. Robert W. Baird boosted their price objective on shares of Alibaba Group from $170.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Goldman Sachs Group reissued a “buy” rating and set a $208.00 price objective (up previously from $200.00) on shares of Alibaba Group in a research report on Sunday, August 20th. Zacks Investment Research downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. MKM Partners reissued a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research report on Monday, October 2nd. Finally, Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 price objective for the company in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $185.14.

Shares of Alibaba Group Holding Limited (NYSE BABA) opened at $177.62 on Friday. The company has a market cap of $454,912.16, a price-to-earnings ratio of 51.63, a price-to-earnings-growth ratio of 1.34 and a beta of 2.52. Alibaba Group Holding Limited has a one year low of $86.01 and a one year high of $191.75. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

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Alibaba Group Company Profile

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.

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

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