V2 Financial group LLC Trims Holdings in Alibaba Group Holding Limited (NYSE:BABA)

V2 Financial group LLC lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 50.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 24,030 shares of the specialty retailer’s stock after selling 24,045 shares during the period. Alibaba Group accounts for 1.3% of V2 Financial group LLC’s investment portfolio, making the stock its 13th largest holding. V2 Financial group LLC’s holdings in Alibaba Group were worth $1,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiduciary Alliance LLC lifted its holdings in Alibaba Group by 154.1% in the 1st quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock worth $4,052,000 after purchasing an additional 33,490 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock valued at $12,275,000 after buying an additional 139,134 shares during the last quarter. SRN Advisors LLC lifted its holdings in shares of Alibaba Group by 76.7% in the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock worth $1,611,000 after buying an additional 9,663 shares in the last quarter. ORG Partners LLC boosted its position in shares of Alibaba Group by 52,685.7% during the first quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock worth $813,000 after acquiring an additional 11,064 shares during the last quarter. Finally, Leo Wealth LLC purchased a new position in Alibaba Group during the fourth quarter valued at $1,734,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 2.9 %

Shares of Alibaba Group stock opened at $83.34 on Friday. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $96.68. The firm’s 50 day simple moving average is $78.00 and its two-hundred day simple moving average is $76.62. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $211.48 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 0.42 and a beta of 0.32.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. Analysts predict that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research analyst reports. Robert W. Baird raised their price objective on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Susquehanna cut their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a report on Friday, July 26th. Sanford C. Bernstein boosted their price target on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.61.

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.