Alibaba Group Holding Limited $BABA Shares Sold by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,270 shares of the specialty retailer’s stock after selling 250 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in Alibaba Group were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC boosted its stake in shares of Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after purchasing an additional 49,010,087 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Alibaba Group by 3,214.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer’s stock worth $578,992,000 after acquiring an additional 4,246,564 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Alibaba Group by 85.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock worth $1,131,558,000 after acquiring an additional 3,947,460 shares during the period. Goldman Sachs Group Inc. raised its holdings in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock valued at $2,069,144,000 after acquiring an additional 2,885,154 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Alibaba Group by 43.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after acquiring an additional 2,584,480 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA opened at $189.38 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67. The company has a 50 day moving average of $139.30 and a two-hundred day moving average of $125.85. The company has a market cap of $451.50 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.11 and a beta of 0.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BABA shares. Jefferies Financial Group upped 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. Zacks Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 9th. Susquehanna raised their price target on Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, September 18th. UBS Group reiterated a “buy” rating and set a $162.00 price objective on shares of Alibaba Group in a report on Sunday, August 31st. Finally, CLSA upped their price target on shares of Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $181.88.

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.