Level Four Advisory Services LLC decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 40.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,244 shares of the specialty retailer’s stock after selling 2,222 shares during the quarter. Level Four Advisory Services LLC’s holdings in Alibaba Group Holding Limited were worth $349,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. M Holdings Securities Inc. increased its position in Alibaba Group Holding Limited by 27.1% during the 2nd quarter. M Holdings Securities Inc. now owns 7,237 shares of the specialty retailer’s stock worth $1,020,000 after buying an additional 1,545 shares during the period. Lord Abbett & CO. LLC bought a new position in Alibaba Group Holding Limited during the 2nd quarter worth $23,878,000. Tairen Capital Ltd increased its position in Alibaba Group Holding Limited by 229.3% during the 2nd quarter. Tairen Capital Ltd now owns 881,953 shares of the specialty retailer’s stock worth $124,267,000 after buying an additional 614,141 shares during the period. Ashford Capital Management Inc. bought a new position in Alibaba Group Holding Limited during the 2nd quarter worth $211,000. Finally, WFG Advisors LP increased its position in Alibaba Group Holding Limited by 74.2% during the 2nd quarter. WFG Advisors LP now owns 2,056 shares of the specialty retailer’s stock worth $290,000 after buying an additional 876 shares during the period. 37.34% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Level Four Advisory Services LLC Cuts Holdings in Alibaba Group Holding Limited (BABA)” was reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.dailypolitical.com/2017/10/18/level-four-advisory-services-llc-cuts-holdings-in-alibaba-group-holding-limited-baba.html.

Alibaba Group Holding Limited (BABA) traded up 1.21% on Wednesday, reaching $177.44. The company’s stock had a trading volume of 6,961,111 shares. The stock’s 50 day moving average price is $175.04 and its 200 day moving average price is $144.98. The firm has a market cap of $451.23 billion, a PE ratio of 58.89 and a beta of 2.60. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $184.70.

Alibaba Group Holding Limited (NYSE:BABA) last announced its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 16.85% and a net margin of 28.77%. During the same period in the prior year, the company earned $0.74 EPS. Equities research analysts expect that Alibaba Group Holding Limited will post $4.98 earnings per share for the current fiscal year.

BABA has been the topic of several recent research reports. Vetr cut Alibaba Group Holding Limited from a “buy” rating to a “hold” rating and set a $148.71 price objective on the stock. in a research report on Wednesday, June 21st. Robert W. Baird reiterated an “outperform” rating and set a $170.00 price objective on shares of Alibaba Group Holding Limited in a research report on Thursday, June 22nd. Barclays PLC increased their price objective on Alibaba Group Holding Limited from $141.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co initiated coverage on Alibaba Group Holding Limited in a research report on Tuesday, June 27th. They set an “overweight” rating and a $190.00 price objective on the stock. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $201.00 price objective (up previously from $158.00) on shares of Alibaba Group Holding Limited in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $179.95.

Alibaba Group Holding Limited 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 Holding Limited (NYSE:BABA)

Receive News & Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related companies with MarketBeat.com's FREE daily email newsletter.