Kelleher Financial Advisors Sells 759 Shares of Alibaba Group Holding Limited $BABA

Kelleher Financial Advisors reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 7.4% during the second quarter, HoldingsChannel.com reports. The firm owned 9,497 shares of the specialty retailer’s stock after selling 759 shares during the period. Kelleher Financial Advisors’ holdings in Alibaba Group were worth $1,077,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new position in Alibaba Group during the 1st quarter valued at $26,000. Summit Securities Group LLC grew its holdings in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new position in shares of Alibaba Group during the 1st quarter worth $26,000. 1248 Management LLC bought a new position in Alibaba Group in the first quarter worth about $26,000. Finally, Rosenberg Matthew Hamilton bought a new position in shares of Alibaba Group during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BABA. Barclays increased their price objective on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Zacks Research cut shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Robert W. Baird lifted their price target on Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. UBS Group reiterated a “buy” rating and set a $162.00 price target on shares of Alibaba Group in a research report on Sunday, August 31st. Finally, Nomura boosted their price target on shares of Alibaba Group from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One equities research 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. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Trading Down 3.2%

BABA opened at $160.60 on Wednesday. The firm has a market capitalization of $383.20 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.19. The company’s 50 day simple moving average is $166.52 and its two-hundred day simple moving average is $135.96. Alibaba Group Holding Limited has a 1-year low of $80.06 and a 1-year high of $192.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45.

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.