California Public Employees Retirement System Sells 223,805 Shares of Alibaba Group Holding Limited (BABA)

California Public Employees Retirement System cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,012,155 shares of the specialty retailer’s stock after selling 223,805 shares during the quarter. California Public Employees Retirement System owned approximately 0.08% of Alibaba Group worth $347,519,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in Alibaba Group by 2.2% during the second quarter. Capital Research Global Investors now owns 33,618,382 shares of the specialty retailer’s stock valued at $4,736,830,000 after acquiring an additional 738,281 shares in the last quarter. FMR LLC grew its holdings in Alibaba Group by 42.5% during the 2nd quarter. FMR LLC now owns 25,278,081 shares of the specialty retailer’s stock valued at $3,561,681,000 after buying an additional 7,544,165 shares during the last quarter. Jennison Associates LLC grew its holdings in Alibaba Group by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 20,448,110 shares of the specialty retailer’s stock valued at $2,881,139,000 after buying an additional 661,109 shares during the last quarter. Capital World Investors boosted its holdings in shares of Alibaba Group by 5.7% during the second quarter. Capital World Investors now owns 20,243,958 shares of the specialty retailer’s stock worth $2,852,374,000 after purchasing an additional 1,091,620 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Alibaba Group by 5.4% during the second quarter. UBS Asset Management Americas Inc. now owns 12,234,002 shares of the specialty retailer’s stock worth $1,723,771,000 after purchasing an additional 626,446 shares during the last quarter. Institutional investors own 38.13% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) opened at $179.29 on Tuesday. Alibaba Group Holding Limited has a 52 week low of $86.01 and a 52 week high of $191.75. The stock 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. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.

Several equities research analysts have recently issued reports on BABA shares. Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $190.25 price objective on the stock in a report on Wednesday, September 6th. SunTrust Banks reissued a “buy” rating and set a $205.00 target price on shares of Alibaba Group in a research note on Friday, October 20th. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Wednesday, November 8th. Needham & Company LLC upped their price objective on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, BidaskClub raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and an average target price 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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