Great Valley Advisor Group Inc. Trims Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Great Valley Advisor Group Inc. reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 32.3% during the second quarter, Holdings Channel reports. The institutional investor owned 24,454 shares of the specialty retailer’s stock after selling 11,673 shares during the period. Great Valley Advisor Group Inc.’s holdings in Alibaba Group were worth $1,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bogart Wealth LLC boosted its position in shares of Alibaba Group by 16.7% in the first quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 142 shares during the period. Legacy Advisors LLC raised its holdings in Alibaba Group by 1.4% during the fourth quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock valued at $826,000 after acquiring an additional 145 shares during the period. North Star Investment Management Corp. lifted its position in shares of Alibaba Group by 11.2% in the first quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock valued at $111,000 after acquiring an additional 154 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Alibaba Group by 2.5% in the fourth quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock worth $517,000 after acquiring an additional 164 shares during the period. Finally, WNY Asset Management LLC grew its position in shares of Alibaba Group by 2.8% during the first quarter. WNY Asset Management LLC now owns 6,022 shares of the specialty retailer’s stock worth $436,000 after purchasing an additional 164 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on BABA. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Barclays lowered their target price on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Citigroup dropped their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Loop Capital lifted their price target on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $109.28.

Alibaba Group Trading Down 2.0 %

Shares of BABA stock opened at $79.45 on Thursday. The stock’s 50 day simple moving average is $76.55 and its two-hundred day simple moving average is $75.85. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $96.68. The company has a market cap of $201.59 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The company had revenue of $30.73 billion for the quarter, compared to analyst estimates of $30.59 billion. Research analysts predict that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

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.