Creative Planning Has $13.04 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Creative Planning trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,865 shares of the specialty retailer’s stock after selling 8,614 shares during the period. Creative Planning’s holdings in Alibaba Group were worth $13,038,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group in the second quarter valued at $27,000. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group during the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC grew its stake in Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 209 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Alibaba Group during the first quarter worth approximately $31,000. Finally, Asset Dedication LLC boosted its holdings in shares of Alibaba Group by 315.0% during 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 period. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Susquehanna dropped 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. JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Loop Capital reiterated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Morgan Stanley restated an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Finally, Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research note on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $112.63.

Alibaba Group Stock Down 1.5 %

Shares of NYSE BABA opened at $100.89 on Tuesday. The stock has a 50-day moving average price of $92.70 and a two-hundred day moving average price of $82.51. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $117.82. 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 company has a market cap of $256.01 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 0.55 and a beta of 0.35.

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

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.