Rokos Capital Management LLP Sells 661,239 Shares of Alibaba Group Holding Limited $BABA

by · The Cerbat Gem

Rokos Capital Management LLP lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 81.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,761 shares of the specialty retailer’s stock after selling 661,239 shares during the quarter. Rokos Capital Management LLP’s holdings in Alibaba Group were worth $16,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Summit Securities Group LLC boosted its holdings in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Alibaba Group during the 1st quarter worth about $26,000. 1248 Management LLC acquired a new position in shares of Alibaba Group during the 1st quarter worth about $26,000. Rosenberg Matthew Hamilton acquired a new position in shares of Alibaba Group during the 2nd quarter worth about $26,000. Finally, Stone House Investment Management LLC bought a new position in shares of Alibaba Group in the 1st quarter valued at about $34,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BABA. CLSA upped their target price on Alibaba Group from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Rosenblatt Securities set a $195.00 price objective on Alibaba Group in a report on Wednesday, November 26th. Mizuho set a $195.00 target price on shares of Alibaba Group in a report on Wednesday, October 22nd. Robert W. Baird increased their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. Finally, Wall Street Zen downgraded Alibaba Group from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Seventeen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $194.00.

View Our Latest Stock Analysis on Alibaba Group

Alibaba Group Trading Up 1.9%

Shares of NYSE:BABA opened at $158.88 on Thursday. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The business has a 50 day moving average of $165.90 and a 200-day moving average of $140.80. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The stock has a market cap of $379.10 billion, a PE ratio of 21.94, a P/E/G ratio of 2.39 and a beta of 0.33.

About Alibaba Group

(Free Report)

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.

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