H&H International Investment LLC Sells 863,100 Shares of Alibaba Group Holding Limited (NYSE:BABA)

H&H International Investment LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 13.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,443,730 shares of the specialty retailer’s stock after selling 863,100 shares during the quarter. Alibaba Group makes up approximately 3.5% of H&H International Investment LLC’s holdings, making the stock its 4th largest position. H&H International Investment LLC’s holdings in Alibaba Group were worth $577,689,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BABA. Cetera Investment Advisers raised its position in shares of Alibaba Group by 249.0% in the 1st quarter. Cetera Investment Advisers now owns 98,849 shares of the specialty retailer’s stock worth $7,153,000 after buying an additional 70,526 shares during the period. Cetera Advisors LLC raised its stake in shares of Alibaba Group by 90.1% during the 1st quarter. Cetera Advisors LLC now owns 38,492 shares of the specialty retailer’s stock worth $2,785,000 after purchasing an additional 18,243 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Alibaba Group by 264.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 91,906 shares of the specialty retailer’s stock worth $6,626,000 after purchasing an additional 66,661 shares during the period. Mather Group LLC. boosted its stake in Alibaba Group by 315.7% during the second quarter. Mather Group LLC. now owns 636 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 483 shares during the last quarter. Finally, CWM LLC lifted its position in Alibaba Group by 32.1% in the second quarter. CWM LLC now owns 13,392 shares of the specialty retailer’s stock worth $964,000 after buying an additional 3,254 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $85.95 on Tuesday. The firm’s 50 day moving average is $98.45 and its two-hundred day moving average is $86.11. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $205.65 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.43 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter last year, the firm posted $1.82 earnings per share. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Mizuho upped their price target on Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Monday, October 7th. Morgan Stanley restated an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research report on Friday, August 23rd. Finally, Sanford C. Bernstein lifted their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $114.07.

About Alibaba Group

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.