Cable Hill Partners LLC Sells 370 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Cable Hill Partners LLC lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.9% during the fourth quarter, Holdings Channel reports. The fund owned 3,775 shares of the specialty retailer’s stock after selling 370 shares during the period. Cable Hill Partners LLC’s holdings in Alibaba Group were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors grew its holdings in Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the last quarter. TBH Global Asset Management LLC grew its holdings in Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after acquiring an additional 121 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after acquiring an additional 124 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Bank of America raised their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Citigroup raised their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Fifteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Stock Performance

Shares of BABA stock opened at $139.18 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $330.69 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company’s 50 day moving average price is $98.31 and its two-hundred day moving average price is $94.13. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $145.30.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, analysts expect that Alibaba Group Holding Limited will post 7.86 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.