Hudson Portfolio Management LLC Reduces Position in Alibaba Group Holding Limited (NYSE:BABA)

Hudson Portfolio Management LLC trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,575 shares of the specialty retailer’s stock after selling 200 shares during the quarter. Hudson Portfolio Management LLC’s holdings in Alibaba Group were worth $303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Advisors Capital Management LLC purchased a new stake in Alibaba Group in the 4th quarter valued at $547,000. Kopernik Global Investors LLC boosted its position in shares of Alibaba Group by 19.2% during the 4th quarter. Kopernik Global Investors LLC now owns 220,556 shares of the specialty retailer’s stock valued at $18,701,000 after acquiring an additional 35,493 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $335,000. Townsquare Capital LLC increased its position in Alibaba Group by 0.4% during the fourth quarter. Townsquare Capital LLC now owns 70,000 shares of the specialty retailer’s stock worth $5,935,000 after purchasing an additional 266 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in Alibaba Group during the fourth quarter worth about $607,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

NYSE:BABA opened at $107.89 on Friday. The company has a market cap of $256.26 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $148.43. The company has a fifty day simple moving average of $126.59 and a two-hundred day simple moving average of $104.64.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BABA. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Benchmark increased their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted 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. Finally, Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.