Intellectus Partners LLC Lowers Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Intellectus Partners LLC reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 5.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,920 shares of the specialty retailer’s stock after selling 1,620 shares during the period. Intellectus Partners LLC’s holdings in Alibaba Group were worth $2,114,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in Alibaba Group by 2.2% in the fourth quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock valued at $76,951,000 after acquiring an additional 21,228 shares in the last quarter. Private Wealth Partners LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $505,000. Tandem Capital Management Corp ADV purchased a new position in Alibaba Group in the fourth quarter valued at about $612,000. Jackson Hole Capital Partners LLC increased its stake in shares of Alibaba Group by 35.9% during the 4th 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 purchased a new position in shares of Alibaba Group during the 4th quarter worth approximately $3,475,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 0.6 %

NYSE BABA traded up $0.44 during trading on Friday, reaching $75.55. 14,216,073 shares of the stock traded hands, compared to its average volume of 13,622,653. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The stock’s 50-day moving average price is $73.19 and its 200 day moving average price is $75.42. The firm has a market cap of $191.71 billion, a price-to-earnings ratio of 13.94 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 EPS. Analysts predict that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on BABA shares. The Goldman Sachs Group decreased their target price on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Susquehanna cut their target price on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, February 8th. Robert W. Baird dropped their price objective on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. 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 research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. decreased their target price 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. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $112.91.

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.