Claar Advisors LLC Reduces Stake in Alibaba Group Holding Limited $BABA

Claar Advisors LLC reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,427 shares of the specialty retailer’s stock after selling 1,873 shares during the quarter. Alibaba Group comprises 2.8% of Claar Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Claar Advisors LLC’s holdings in Alibaba Group were worth $8,387,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. North Ridge Wealth Advisors Inc. purchased a new position in Alibaba Group in the 1st quarter valued at approximately $26,000. Summit Securities Group LLC grew its stake in Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 59,000 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in Alibaba Group by 1,960.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 196 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in Alibaba Group in the 1st quarter valued at approximately $31,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Alibaba Group in the 1st quarter valued at approximately $31,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Alibaba Group from $142.00 to $153.00 and gave the company an “outperform” rating in a research note on Tuesday. Bank of America boosted their price target on shares of Alibaba Group from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. Sanford C. Bernstein restated an “outperform” rating and set a $160.00 price target on shares of Alibaba Group in a research report on Saturday. Finally, Mizuho boosted their price target on shares of Alibaba Group from $149.00 to $159.00 and gave the company an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Buy” and an average price target of $163.53.

Alibaba Group Stock Down 1.5%

Shares of NYSE:BABA opened at $136.44 on Thursday. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $148.43. The firm has a fifty day moving average of $118.82 and a 200 day moving average of $122.01. The firm has a market capitalization of $325.31 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 1.99 and a beta of 0.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

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.