Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Financial Security Advisor Inc.

Financial Security Advisor Inc. lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,617 shares of the specialty retailer’s stock after selling 441 shares during the quarter. Financial Security Advisor Inc.’s holdings in Alibaba Group were worth $490,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. ICA Group Wealth Management LLC increased its position in Alibaba Group by 14.6% during the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 128 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Alibaba Group by 4.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after acquiring an additional 139 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Alibaba Group by 3.0% in the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after buying an additional 143 shares in the last quarter. Concord Wealth Partners lifted its position in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the period. Finally, EPIQ Capital Group LLC grew its position in Alibaba Group by 0.3% in the 2nd quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock valued at $3,396,000 after purchasing an additional 157 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.9 %

NYSE BABA opened at $99.24 on Wednesday. The company has a market capitalization of $237.68 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 0.46 and a beta of 0.35. The firm’s fifty day moving average price is $96.31 and its 200 day moving average price is $84.62. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. The firm had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $2.47 earnings per share. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 8.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on BABA. Robert W. Baird raised their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group reissued a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Susquehanna cut their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.13.

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.