Thurston Springer Miller Herd & Titak Inc. Decreases Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Thurston Springer Miller Herd & Titak Inc. reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 61.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428 shares of the specialty retailer’s stock after selling 675 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Alibaba Group were worth $36,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. TRUE Private Wealth Advisors lifted its stake in shares of Alibaba Group by 3.7% during the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock worth $331,000 after purchasing an additional 112 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Alibaba Group by 6.0% in the third quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after buying an additional 121 shares during the last quarter. Sivia Capital Partners LLC raised its stake in 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 buying an additional 134 shares during the last quarter. Wynn Capital LLC raised its stake in Alibaba Group by 1.0% in 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 stake in Alibaba Group by 4.3% in the third 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. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 3.3 %

Shares of NYSE:BABA opened at $85.16 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market capitalization of $202.93 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.40 and a beta of 0.30. The firm’s 50-day moving average is $86.06 and its two-hundred day moving average is $87.68. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA) last released its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping 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 firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on BABA shares. Barclays decreased their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. Finally, Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

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.