Alibaba Group Holding Limited $BABA Shares Sold by Aurora Investment Managers LLC.

Aurora Investment Managers LLC. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,627 shares of the specialty retailer’s stock after selling 158 shares during the period. Alibaba Group accounts for approximately 5.2% of Aurora Investment Managers LLC.’s portfolio, making the stock its 5th largest position. Aurora Investment Managers LLC.’s holdings in Alibaba Group were worth $8,577,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 1248 Management LLC acquired a new position in Alibaba Group in the first quarter valued at $26,000. North Ridge Wealth Advisors Inc. acquired a new position in Alibaba Group in the first quarter valued at $26,000. Summit Securities Group LLC boosted 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 acquiring an additional 59,000 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Alibaba Group in the first quarter valued at $26,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BABA shares. Erste Group Bank upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Barclays upped their price objective on shares of Alibaba Group from $145.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Arete upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 target price for the company in a research note on Wednesday, September 3rd. Sanford C. Bernstein reiterated an “outperform” rating and set a $160.00 target price on shares of Alibaba Group in a research note on Saturday, August 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $170.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Buy” and a consensus target price of $184.19.

Alibaba Group Trading Down 0.1%

NYSE BABA opened at $181.15 on Thursday. The stock has a market capitalization of $431.88 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.14 and a beta of 0.18. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $192.67. The firm has a 50-day moving average price of $144.47 and a 200 day moving average price of $127.08. 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 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.