QV Investors Inc. Has $7.92 Million Position in Alibaba Group Holding Limited $BABA

QV Investors Inc. reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,837 shares of the specialty retailer’s stock after selling 10,280 shares during the period. QV Investors Inc.’s holdings in Alibaba Group were worth $7,920,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. North Ridge Wealth Advisors Inc. bought a new position in Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC grew its stake in Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 59,000 shares in the last quarter. Ransom Advisory Ltd bought a new position in Alibaba Group in the first quarter valued at approximately $26,000. 1248 Management LLC bought a new position in Alibaba Group in the first quarter valued at approximately $26,000. Finally, Rosenberg Matthew Hamilton bought a new position in Alibaba Group in the second quarter valued at approximately $26,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BABA. UBS Group reaffirmed a “buy” rating and issued a $162.00 price objective on shares of Alibaba Group in a research report on Sunday, August 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alibaba Group in a research report on Friday. Barclays raised their price objective on Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. cut their price objective on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.18.

Alibaba Group Stock Performance

NYSE:BABA opened at $174.49 on Friday. The stock has a market cap of $416.00 billion, a P/E ratio of 20.29, a PEG ratio of 2.33 and a beta of 0.18. The stock has a 50 day simple moving average of $155.80 and a 200 day simple moving average of $130.74. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67.

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.