Alibaba Group Holding Limited $BABA Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,840 shares of the specialty retailer’s stock after selling 100 shares during the period. Highland Capital Management LLC’s holdings in Alibaba Group were worth $549,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Accent Capital Management LLC lifted its holdings in Alibaba Group by 5.5% in the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock worth $209,000 after buying an additional 82 shares in the last quarter. Greenleaf Trust increased its position in shares of Alibaba Group by 1.0% during the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock worth $1,102,000 after acquiring an additional 85 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Alibaba Group by 0.5% in the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock worth $2,225,000 after acquiring an additional 89 shares in the last quarter. Institute for Wealth Management LLC. boosted its holdings in Alibaba Group by 1.1% in the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock valued at $1,134,000 after purchasing an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in 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 purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BABA. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alibaba Group in a research note on Saturday, September 27th. Benchmark increased their price objective 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. Arete Research raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 3rd. Citigroup restated a “buy” rating on shares of Alibaba Group in a research note on Wednesday, September 24th. Finally, Wall Street Zen downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Alibaba Group has a consensus rating of “Buy” and an average target price of $181.88.

Alibaba Group Price Performance

Shares of BABA opened at $187.94 on Monday. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $192.67. The stock’s fifty day moving average is $140.65 and its 200-day moving average is $125.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $448.06 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.22 and a beta of 0.18.

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.