Sylebra HK Co Ltd Reduces Position in Alibaba Group Holding Limited (BABA)

Sylebra HK Co Ltd reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 48.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,348 shares of the specialty retailer’s stock after selling 122,440 shares during the period. Alibaba Group accounts for about 2.0% of Sylebra HK Co Ltd’s holdings, making the stock its 10th biggest position. Sylebra HK Co Ltd’s holdings in Alibaba Group were worth $22,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC bought a new stake in Alibaba Group in the third quarter worth about $104,000. Winch Advisory Services LLC raised its position in Alibaba Group by 147.4% in the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 482 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in Alibaba Group in the second quarter worth about $116,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Alibaba Group by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 200 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Alibaba Group by 22.3% in the second quarter. Tower Research Capital LLC TRC now owns 983 shares of the specialty retailer’s stock worth $139,000 after acquiring an additional 179 shares during the period. 38.13% of the stock is currently owned by institutional investors.

Alibaba Group Holding Limited (NYSE:BABA) opened at $177.62 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.75. The company has a market cap of $454,912.16, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 1.34 and a beta of 2.52.

Several analysts have commented on BABA shares. Macquarie reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Alibaba Group in a research report on Monday, October 16th. They noted that the move was a valuation call. Vetr raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $180.41 price target on the stock in a research report on Monday, August 28th. Stifel Nicolaus boosted their price target on shares of Alibaba Group from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 21st. Barclays boosted their price target on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 price target on the stock in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and a consensus price target of $185.14.

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About Alibaba Group

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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