Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lessened by H&H International Investment LLC

H&H International Investment LLC lessened its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,443,730 shares of the specialty retailer's stock after selling 863,100 shares during the period. Alibaba Group makes up 3.5% of H&H International Investment LLC's investment portfolio, making the stock its 4th largest holding. H&H International Investment LLC owned 0.23% of Alibaba Group worth $577,689,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BABA. Cetera Investment Advisers grew its holdings in Alibaba Group by 249.0% in the first quarter. Cetera Investment Advisers now owns 98,849 shares of the specialty retailer's stock valued at $7,153,000 after purchasing an additional 70,526 shares during the period. Cetera Advisors LLC grew its position in shares of Alibaba Group by 90.1% during the first quarter. Cetera Advisors LLC now owns 38,492 shares of the specialty retailer's stock worth $2,785,000 after acquiring an additional 18,243 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings 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 acquiring an additional 66,661 shares during the period. Mather Group LLC. increased its holdings in shares of Alibaba Group by 315.7% in the 2nd quarter. Mather Group LLC. now owns 636 shares of the specialty retailer's stock worth $46,000 after acquiring an additional 483 shares during the period. Finally, CWM LLC grew its position in Alibaba Group by 32.1% in the 2nd quarter. CWM LLC now owns 13,392 shares of the specialty retailer's stock valued at $964,000 after buying an additional 3,254 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BABA. Susquehanna reduced their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a "positive" rating for the company in a research report on Monday, August 19th. Benchmark restated a "buy" rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday, November 15th. Morgan Stanley reiterated an "equal weight" rating and issued a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group currently has an average rating of "Moderate Buy" and a consensus target price of $114.07.

Alibaba Group Price Performance

Shares of BABA traded down $0.27 during trading hours on Tuesday, hitting $85.68. 13,523,000 shares of the company were exchanged, compared to its average volume of 15,856,555. The company has a market cap of $205.01 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 0.42 and a beta of 0.30. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two 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's fifty day moving average is $98.14 and its 200 day moving average is $86.09.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the company earned $1.82 earnings per share. The firm's revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

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.