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 third quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,175 shares of the specialty retailer’s stock, valued at approximately $125,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group in the second quarter valued at $25,000. GPS Wealth Strategies Group LLC raised its position in shares of Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group in the second quarter valued at $27,000. Register Financial Advisors LLC bought a new position in Alibaba Group during the first quarter worth about $31,000. Finally, Asset Dedication LLC lifted its holdings in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Alibaba Group stock opened at $109.73 on Wednesday. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The stock has a fifty day moving average price of $88.02 and a 200 day moving average price of $80.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $278.44 billion, a P/E ratio of 25.58, a PEG ratio of 0.46 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. Alibaba Group’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.47 earnings per share. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BABA shares. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Jefferies Financial Group reissued a “buy” rating and set a $116.00 price objective on shares of Alibaba Group in a research report on Friday, July 26th. Sanford C. Bernstein boosted their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Susquehanna cut their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Finally, Truist Financial cut their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.12.

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.