Valeo Financial Advisors LLC Sells 1,385 Shares of Alibaba Group Holding Limited $BABA

Valeo Financial Advisors LLC reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 25.3% during the second quarter, HoldingsChannel.com reports. The fund owned 4,098 shares of the specialty retailer’s stock after selling 1,385 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Alibaba Group were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BABA. Brighton Jones LLC increased its holdings in Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC increased its holdings in Alibaba Group by 13,483.0% in the 1st quarter. GAMMA Investing LLC now owns 19,967 shares of the specialty retailer’s stock valued at $2,640,000 after acquiring an additional 19,820 shares during the last quarter. UMB Bank n.a. increased its holdings in Alibaba Group by 33.4% in the 1st quarter. UMB Bank n.a. now owns 1,207 shares of the specialty retailer’s stock valued at $160,000 after acquiring an additional 302 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in Alibaba Group during the first quarter valued at $205,000. Finally, Sanibel Captiva Trust Company Inc. raised its stake in Alibaba Group by 7.2% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 14,821 shares of the specialty retailer’s stock valued at $1,960,000 after purchasing an additional 1,000 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Trading Down 0.1%

NYSE BABA opened at $181.15 on Thursday. The company’s 50-day moving average price is $144.47 and its 200-day moving average price is $127.08. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. The stock has a market cap of $431.88 billion, a PE ratio of 21.06, a PEG ratio of 2.14 and a beta of 0.18. Alibaba Group Holding Limited has a 12 month low of $80.06 and a 12 month high of $192.67.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of recent research reports. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Citigroup reaffirmed a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. CLSA upped their price target on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Erste Group Bank raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Benchmark upped their price target on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Buy” and an average target price of $184.19.

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.