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

Henry James International Management Inc. decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 11.0% during the fourth quarter, according to its most recent 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BABA. Robeco Institutional Asset Management B.V. boosted its position in Alibaba Group by 5.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 54,936 shares of the specialty retailer’s stock valued at $4,765,000 after acquiring an additional 3,084 shares in the last quarter. Raymond James & Associates grew its stake in Alibaba Group by 5.6% in the third quarter. Raymond James & Associates now owns 384,537 shares of the specialty retailer’s stock valued at $33,355,000 after purchasing an additional 20,326 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Alibaba Group by 8.2% in the third quarter. Stratos Wealth Partners LTD. now owns 12,896 shares of the specialty retailer’s stock worth $1,119,000 after purchasing an additional 979 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of Alibaba Group by 6.1% during the third quarter. Independent Advisor Alliance now owns 9,139 shares of the specialty retailer’s stock valued at $793,000 after buying an additional 525 shares during the last quarter. Finally, NorthRock Partners LLC bought a new stake in shares of Alibaba Group in the 3rd quarter valued at about $279,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the subject of a number of analyst reports. Robert W. Baird decreased their target price 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. The Goldman Sachs Group decreased their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Finally, Citigroup cut their price objective on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $112.91.

Alibaba Group Stock Performance

NYSE BABA traded up $1.00 on Friday, reaching $81.33. 19,355,807 shares of the company’s stock traded hands, compared to its average volume of 15,275,838. The stock has a 50 day moving average price of $73.47 and a 200-day moving average price of $75.11. The firm has a market cap of $206.37 billion, a price-to-earnings ratio of 15.01 and a beta of 0.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50.

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 the consensus estimate of $19.12 by ($0.15). The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $2.44 EPS. Equities research analysts predict that Alibaba Group Holding Limited will post 7.54 EPS 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.