Global Retirement Partners LLC Buys 1,590 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Global Retirement Partners LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 66.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,978 shares of the specialty retailer’s stock after purchasing an additional 1,590 shares during the quarter. Global Retirement Partners LLC’s holdings in Alibaba Group were worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new stake in Alibaba Group during the second quarter valued at about $25,000. GPS Wealth Strategies Group LLC boosted its holdings in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group in the second quarter worth about $27,000. Register Financial Advisors LLC acquired a new stake in Alibaba Group in the first quarter worth about $31,000. Finally, Asset Dedication LLC boosted its holdings in 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 in the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on BABA. Barclays raised their price target on Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, August 16th. Robert W. Baird raised their price target on Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Bank of America lifted their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Susquehanna decreased their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.63.

Alibaba Group Stock Down 1.5 %

Shares of BABA stock opened at $100.89 on Tuesday. The stock has a 50 day moving average of $92.70 and a 200 day moving average of $82.51. 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 stock has a market cap of $256.01 billion, a P/E ratio of 23.52, a P/E/G ratio of 0.55 and a beta of 0.35. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA) last posted 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. 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%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 earnings per share. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

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.