Modera Wealth Management LLC Trims Stock Holdings in Alibaba Group Holding Limited $BABA

Modera Wealth Management LLC decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 19.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,112 shares of the specialty retailer’s stock after selling 515 shares during the quarter. Modera Wealth Management LLC’s holdings in Alibaba Group were worth $240,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BABA. Accent Capital Management LLC lifted its holdings in shares of Alibaba Group by 5.5% during the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer’s stock worth $209,000 after purchasing an additional 82 shares during the period. CWM LLC raised its position in Alibaba Group by 0.8% in the second quarter. CWM LLC now owns 12,029 shares of the specialty retailer’s stock worth $1,364,000 after acquiring an additional 92 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of 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 period. EWG Elevate Inc. lifted its position in shares of Alibaba Group by 5.2% during the 2nd quarter. EWG Elevate Inc. now owns 1,977 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 98 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Alibaba Group by 10.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the specialty retailer’s stock worth $139,000 after buying an additional 100 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 0.9%

Shares of BABA stock opened at $166.06 on Monday. The firm’s 50 day moving average price is $165.47 and its two-hundred day moving average price is $135.35. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The stock has a market cap of $396.22 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19.

Analyst Ratings Changes

BABA has been the topic of several research reports. Arete Research upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 3rd. CLSA upped their target price on shares of Alibaba Group from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. Mizuho set a $195.00 price objective on shares of Alibaba Group in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their target price on shares of Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Finally, Arete raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $190.18.

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.