Henry James International Management Inc. Sells 3,332 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Henry James International Management Inc. lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,071 shares of the specialty retailer’s stock after selling 3,332 shares during the quarter. Henry James International Management Inc.’s holdings in Alibaba Group were worth $2,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Morgan Stanley boosted its position in shares of Alibaba Group by 13.8% during the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after buying an additional 1,406,491 shares during the last quarter. Sanders Capital LLC boosted its holdings in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Alibaba Group by 2.2% in the 4th quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock worth $76,951,000 after acquiring an additional 21,228 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Alibaba Group by 299.9% in the fourth quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock valued at $6,428,000 after purchasing an additional 62,163 shares during the last quarter. Finally, Certuity LLC lifted its position in shares of Alibaba Group by 122.2% during the third quarter. Certuity LLC now owns 113,704 shares of the specialty retailer’s stock valued at $9,863,000 after purchasing an additional 62,543 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $1.00 during trading on Friday, hitting $81.33. 19,355,807 shares of the company were exchanged, compared to its average volume of 15,275,838. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $102.50. The stock has a 50 day moving average of $73.47 and a 200 day moving average of $75.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $206.37 billion, a PE ratio of 15.01 and a beta of 0.44.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. During the same period last year, the company posted $2.44 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays decreased their price objective on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research note on Friday, January 12th. The Goldman Sachs Group cut their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a report on Tuesday, April 9th. Finally, Robert W. Baird reduced their price target on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.91.

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.