Columbus Circle Investors Sells 17,313 Shares of Alibaba Group Holding Limited (BABA)

Columbus Circle Investors trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,283 shares of the specialty retailer’s stock after selling 17,313 shares during the quarter. Columbus Circle Investors’ holdings in Alibaba Group were worth $43,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BABA. Columbia Partners L L C Investment Management boosted its holdings in shares of Alibaba Group by 5.1% in the third quarter. Columbia Partners L L C Investment Management now owns 29,642 shares of the specialty retailer’s stock worth $5,119,000 after buying an additional 1,437 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Alibaba Group by 3.9% during the third quarter. Macquarie Group Ltd. now owns 2,340,320 shares of the specialty retailer’s stock valued at $404,192,000 after purchasing an additional 87,343 shares in the last quarter. Buckingham Asset Management LLC purchased a new position in Alibaba Group during the third quarter valued at approximately $272,000. Banque Pictet & Cie SA lifted its holdings in Alibaba Group by 3.2% during the third quarter. Banque Pictet & Cie SA now owns 120,243 shares of the specialty retailer’s stock valued at $20,767,000 after purchasing an additional 3,720 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its holdings in Alibaba Group by 10.4% during the third quarter. ClariVest Asset Management LLC now owns 266,986 shares of the specialty retailer’s stock valued at $46,111,000 after purchasing an additional 25,108 shares in the last quarter. Institutional investors own 38.13% of the company’s stock.

Several equities analysts have weighed in on the stock. Bank of America lifted their price target on shares of Alibaba Group from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. Macquarie lifted their price objective on shares of Alibaba Group from $171.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research report on Monday. SunTrust Banks assumed coverage on shares of Alibaba Group in a research report on Tuesday, August 15th. They set a “buy” rating and a $175.00 price objective on the stock. Finally, KeyCorp set a $182.00 price objective on shares of Alibaba Group and gave the company an “overweight” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $184.15.

Alibaba Group Holding Limited (NYSE BABA) traded down $5.03 during trading hours on Monday, reaching $169.58. 35,886,557 shares of the company were exchanged, compared to its average volume of 15,190,847. The stock has a market capitalization of $434,320.00, a price-to-earnings ratio of 50.76, a PEG ratio of 1.32 and a beta of 2.52. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.75.

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Alibaba Group Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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