IHT Wealth Management LLC Sells 4,364 Shares of Alibaba Group Holding Limited (NYSE:BABA)

IHT Wealth Management LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,310 shares of the specialty retailer's stock after selling 4,364 shares during the quarter. IHT Wealth Management LLC's holdings in Alibaba Group were worth $789,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Appaloosa LP raised its stake in Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. Norges Bank bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $585,479,000. Fisher Asset Management LLC lifted its holdings in shares of Alibaba Group by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after buying an additional 78,757 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Alibaba Group by 208.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after acquiring an additional 2,024,640 shares during the last quarter. Finally, North of South Capital LLP grew its stake in Alibaba Group by 17.9% during the fourth quarter. North of South Capital LLP now owns 1,975,760 shares of the specialty retailer's stock valued at $167,525,000 after acquiring an additional 300,432 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 0.2 %

NYSE BABA opened at $119.16 on Friday. The stock has a market cap of $284.76 billion, a PE ratio of 17.22, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The company's 50-day moving average price is $126.60 and its 200-day moving average price is $104.78. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

BABA has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Mizuho upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, April 18th. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Benchmark raised their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Bank of America upped their price target 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. Fourteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of "Buy" and an average price target of $150.36.

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.

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