<div id="readability-page-1"><p>ICONIQ Capital LLC trimmed its stake in  Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 45.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,126 shares of the specialty retailer's stock after selling 7,719 shares during the quarter. ICONIQ Capital LLC's holdings in Alibaba Group were worth $1,035,000 as of its most recent filing with the SEC.</p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><ul><li>Can Alibaba’s Big Bets Pay Off After a Breakout Year?</li></ul><p>Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC boosted its holdings in shares of  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 purchasing an additional 59,000 shares during the last quarter.  Ransom Advisory Ltd acquired a new stake in shares of  Alibaba Group during the 1st quarter worth $26,000.  1248 Management LLC purchased a new position in shares of  Alibaba Group in the 1st quarter worth $26,000.  Rosenberg Matthew Hamilton acquired a new position in  Alibaba Group in the second quarter valued at $26,000.  Finally, NewSquare Capital LLC grew its position in  Alibaba Group by 65.0% during the second quarter. NewSquare Capital LLC now owns 330 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own  13.47% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>BABA has been the topic of several research analyst reports. Barclays lifted their price objective on Alibaba Group from $190.00 to $195.00 and gave the company an &#34;overweight&#34; rating in a research note on Wednesday, November 26th. Rosenblatt Securities  set a $195.00 price target on shares of Alibaba Group in a report on Wednesday, November 26th. UBS Group  reiterated a &#34;buy&#34; rating and set a $162.00 price objective on shares of Alibaba Group in a research note on Sunday, August 31st. Mizuho  set a $195.00 target price on shares of Alibaba Group in a research note on Wednesday, October 22nd. Finally, Robert W. Baird lifted their target price on shares of Alibaba Group from $153.00 to $174.00 and gave the company an &#34;outperform&#34; rating in a report on Wednesday, September 24th. Seventeen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one  has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $194.00.</p><ul><li>Go on a Shopping Spree With 3 Top Retail ETFs</li></ul><p><b>Read Our Latest Research Report on BABA</b></p><h2>Alibaba Group Stock Down 0.9%</h2><p>Shares of NYSE BABA opened at $155.56 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.46 and a current ratio of 1.46. Alibaba Group Holding Limited has a 1 year low of $80.06 and a 1 year high of $192.67. The stock's 50-day simple moving average is $164.60 and its 200-day simple moving average is $141.15. The firm has a market cap of $371.18 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.41 and a beta of 0.33. </p><h2>About Alibaba Group</h2> (Free Report)<ul><li>OpenAI's Restructuring Sets up What Could Be the Biggest IPO Ever</li></ul><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>5 discounted opportunities for dividend growth investors</li><li>MarketBeat Week in Review – 12/8 - 12/12</li><li>Expert Stock Trading Psychology Tips</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>How to Invest in the Best Canadian Stocks </li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Alibaba Group Right Now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.</p><p>While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>ICONIQ Capital LLC reduced its stake in Alibaba Group Holding Limited by 45.8% in Q2, now holding 9,126 shares worth $1,035,000. Other institutional investors also adjusted their positions. Analysts have given Alibaba a consensus rating of 'Moderate Buy' with a price target of $194.00. Alibaba's stock opened at $155.56, with a market cap of $371.18 billion.</p>

- ICONIQ Capital LLC reduced its stake in Alibaba Group by 45.8%, owning 9,126 shares after selling 7,719 shares in Q2, valued at $1,035,000.  
- Other institutional investors, including Summit Securities Group and NewSquare Capital, also adjusted their positions, with institutional ownership at 13.47%.  
- Analysts have a consensus rating of "Moderate Buy" for Alibaba, with a price target averaging $194.00, while the stock is currently priced at $155.56.

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ICONIQ Capital LLC Cuts Stake in Alibaba Group Holding Limited $BABA