HBK Sorce Advisory LLC Sells 793 Shares of Alibaba Group Holding Limited (NYSE:BABA)

HBK Sorce Advisory LLC cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 15.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,381 shares of the specialty retailer’s stock after selling 793 shares during the period. HBK Sorce Advisory LLC’s holdings in Alibaba Group were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BABA. Appaloosa LP boosted its holdings in Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Alibaba Group by 10.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 19,324 shares of the specialty retailer’s stock valued at $1,638,000 after acquiring an additional 1,821 shares during the period. Great Lakes Advisors LLC boosted its holdings in Alibaba Group by 14.8% during the fourth quarter. Great Lakes Advisors LLC now owns 13,886 shares of the specialty retailer’s stock valued at $1,177,000 after acquiring an additional 1,791 shares during the period. Wilson Asset Management International PTY Ltd. boosted its holdings in Alibaba Group by 59.5% during the fourth quarter. Wilson Asset Management International PTY Ltd. now owns 69,355 shares of the specialty retailer’s stock valued at $5,881,000 after acquiring an additional 25,885 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of Alibaba Group by 6.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 13,143 shares of the specialty retailer’s stock valued at $1,114,000 after buying an additional 748 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BABA. Benchmark upped their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $144.07.

Alibaba Group Price Performance

BABA opened at $140.99 on Friday. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $145.36. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50 day simple moving average is $110.73 and its 200-day simple moving average is $98.59. The stock has a market capitalization of $334.99 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released its quarterly 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Sell-side analysts anticipate 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.