Future Financial Wealth Managment LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Future Financial Wealth Managment LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,175 shares of the specialty retailer’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in shares of Alibaba Group by 11.9% in the 1st quarter. Sunbelt Securities Inc. now owns 12,697 shares of the specialty retailer’s stock valued at $919,000 after acquiring an additional 1,353 shares during the period. Chemistry Wealth Management LLC raised its position in Alibaba Group by 3.9% in the first quarter. Chemistry Wealth Management LLC now owns 15,011 shares of the specialty retailer’s stock valued at $1,086,000 after purchasing an additional 564 shares during the period. Matthews International Capital Management LLC lifted its stake in Alibaba Group by 2.8% during the first quarter. Matthews International Capital Management LLC now owns 68,036 shares of the specialty retailer’s stock worth $4,923,000 after purchasing an additional 1,830 shares in the last quarter. Mcdonald Partners LLC boosted its position in shares of Alibaba Group by 13.1% during the first quarter. Mcdonald Partners LLC now owns 7,431 shares of the specialty retailer’s stock worth $538,000 after buying an additional 859 shares during the period. Finally, Sound Income Strategies LLC grew its stake in shares of Alibaba Group by 94.1% in the first quarter. Sound Income Strategies LLC now owns 1,526 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 740 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the subject of several analyst reports. Bank of America boosted their price target on shares of Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Barclays dropped their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. decreased 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. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Finally, Citigroup decreased their target price on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.79.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $72.37 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a 50-day simple moving average of $78.10 and a 200-day simple moving average of $74.99. The stock has a market capitalization of $183.64 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 0.46 and a beta of 0.38.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. The firm had revenue of $30.73 billion during the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. On average, analysts predict that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be paid a $1.66 dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 3%. Alibaba Group’s dividend payout ratio is currently 22.84%.

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.