Alibaba Group Holding Limited $BABA Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 58.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,709 shares of the specialty retailer’s stock after selling 3,739 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Alibaba Group were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of BABA. Kingstone Capital Partners Texas LLC boosted its stake in shares of Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer’s stock worth $5,558,646,000 after buying an additional 49,010,087 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Alibaba Group by 85.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer’s stock valued at $1,131,558,000 after buying an additional 3,947,460 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Alibaba Group by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer’s stock worth $2,069,144,000 after buying an additional 2,885,154 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Alibaba Group by 43.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer’s stock valued at $1,136,554,000 after acquiring an additional 2,584,480 shares in the last quarter. Finally, Trivest Advisors Ltd acquired a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $295,270,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective on Alibaba Group from $153.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 24th. Benchmark boosted their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Alibaba Group in a report on Wednesday, October 8th. UBS Group reissued a “buy” rating and issued a $162.00 target price on shares of Alibaba Group in a research note on Sunday, August 31st. Finally, Arete raised shares of 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 analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Price Performance

BABA opened at $162.86 on Thursday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.19. The company’s 50-day moving average price is $166.95 and its 200 day moving average price is $136.11. Alibaba Group Holding Limited has a fifty-two week low of $80.06 and a fifty-two week high of $192.67. The firm has a market cap of $388.60 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19.

About Alibaba Group

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.