Intellectus Partners LLC Lowers Stock Position in Alibaba Group Holding Limited $BABA

Intellectus Partners LLC lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 15.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,243 shares of the specialty retailer’s stock after selling 4,571 shares during the quarter. Intellectus Partners LLC’s holdings in Alibaba Group were worth $2,913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC boosted its stake in shares of Alibaba Group by 5.5% during the 1st 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 in the last quarter. Greenleaf Trust raised its holdings in Alibaba Group by 1.0% in the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock worth $1,102,000 after purchasing an additional 85 shares during the period. Principal Securities Inc. boosted its position in Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock worth $2,225,000 after purchasing an additional 89 shares in the last quarter. CWM LLC grew 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 period. Finally, Fifth Third Bancorp increased its position in shares of 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 buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BABA. CLSA increased their target price on Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Benchmark upped their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Susquehanna boosted their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, September 18th. Finally, Bank of America upped their price target on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.18.

Alibaba Group Trading Down 2.2%

Shares of BABA opened at $170.17 on Monday. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67. The stock has a market cap of $406.04 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.18. The firm’s fifty day moving average is $161.36 and its two-hundred day moving average is $133.46. 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 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.