HHM Wealth Advisors LLC Sells 1,435 Shares of Alibaba Group Holding Limited (NYSE:BABA)

HHM Wealth Advisors LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 44.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,819 shares of the specialty retailer’s stock after selling 1,435 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Alibaba Group were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BABA. Russell Investments Group Ltd. raised its position in shares of Alibaba Group by 2.2% during the fourth quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock valued at $76,951,000 after buying an additional 21,228 shares during the last quarter. Private Wealth Partners LLC acquired a new position in shares of Alibaba Group during the fourth quarter valued at about $505,000. Tandem Capital Management Corp ADV acquired a new position in Alibaba Group in the fourth quarter worth about $612,000. Jackson Hole Capital Partners LLC raised its position in Alibaba Group by 35.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 13,625 shares of the specialty retailer’s stock worth $1,056,000 after purchasing an additional 3,601 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Alibaba Group in the fourth quarter worth about $3,475,000. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BABA shares. Robert W. Baird dropped their price target on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. JPMorgan Chase & Co. dropped their price target on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Mizuho reissued a “buy” rating and issued a $95.00 price target on shares of Alibaba Group in a research report on Wednesday, March 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a report on Tuesday, April 9th. Finally, Macquarie lowered shares of Alibaba Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.91.

Alibaba Group Price Performance

Shares of BABA traded up $0.44 during mid-day trading on Friday, hitting $75.55. 14,216,073 shares of the company traded hands, compared to its average volume of 13,622,653. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $73.19 and a 200 day moving average of $75.42. The stock has a market capitalization of $191.71 billion, a price-to-earnings ratio of 13.94 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company had revenue of $260.35 billion for the quarter, compared to the consensus estimate of $260.26 billion. During the same period last year, the company earned $2.44 earnings per share. Alibaba Group’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Alibaba Group Holding Limited will post 7.54 earnings per share for the current fiscal year.

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.