Fluent Financial LLC Has $920,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Fluent Financial LLC reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 22.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,670 shares of the specialty retailer’s stock after selling 2,499 shares during the period. Fluent Financial LLC’s holdings in Alibaba Group were worth $920,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BABA. ICA Group Wealth Management LLC lifted its position in Alibaba Group by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 128 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Alibaba Group by 11.2% during the first quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock valued at $111,000 after buying an additional 154 shares during the last quarter. EPIQ Capital Group LLC grew its stake in shares of Alibaba Group by 0.3% in the 2nd quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock worth $3,396,000 after acquiring an additional 157 shares in the last quarter. Evolution Wealth Advisors LLC raised its holdings in shares of Alibaba Group by 4.1% in the second quarter. Evolution Wealth Advisors LLC now owns 4,004 shares of the specialty retailer’s stock valued at $288,000 after purchasing an additional 158 shares during the last quarter. Finally, WNY Asset Management LLC lifted its position in shares of Alibaba Group by 2.8% during the first quarter. WNY Asset Management LLC now owns 6,022 shares of the specialty retailer’s stock valued at $436,000 after purchasing an additional 164 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA traded up $1.69 during trading on Friday, reaching $114.53. 25,699,080 shares of the company were exchanged, compared to its average volume of 17,586,789. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market cap of $290.62 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 0.46 and a beta of 0.35. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $116.57. The company’s 50-day moving average is $86.60 and its two-hundred day moving average is $79.79.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. During the same period last year, the business earned $2.47 earnings per share. Alibaba Group’s revenue was up 3.9% compared to the same quarter last year. Research analysts forecast that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BABA has been the subject of a number of recent analyst reports. Susquehanna reduced their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Sanford C. Bernstein lifted their price target on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a report on Friday, August 16th. Loop Capital reaffirmed a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research report on Thursday, August 29th. Morgan Stanley reissued an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $107.61.

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.