Hantz Financial Services Inc. Sells 1,642 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Hantz Financial Services Inc. lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,812 shares of the specialty retailer’s stock after selling 1,642 shares during the period. Hantz Financial Services Inc.’s holdings in Alibaba Group were worth $3,036,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. TRUE Private Wealth Advisors raised its holdings in shares of Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 121 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Alibaba Group by 3.6% in the fourth quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock valued at $324,000 after purchasing an additional 134 shares in the last quarter. Wynn Capital LLC boosted its position in shares of Alibaba Group by 1.0% during the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock valued at $1,103,000 after buying an additional 135 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock valued at $361,000 after buying an additional 139 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $102.76 on Friday. The stock has a market cap of $244.75 billion, a P/E ratio of 20.84, a P/E/G ratio of 0.37 and a beta of 0.30. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $117.82. The company has a 50 day moving average of $85.93 and a 200 day moving average of $88.52. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same period last year, the firm posted $1.82 earnings per share. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Mizuho raised their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group 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.