GPS Wealth Strategies Group LLC Has $26,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

GPS Wealth Strategies Group LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 139.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 359 shares of the specialty retailer’s stock after buying an additional 209 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Alibaba Group were worth $26,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BABA. Fiduciary Alliance LLC raised its stake in shares of Alibaba Group by 154.1% in the first quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock valued at $4,052,000 after purchasing an additional 33,490 shares in the last quarter. Russell Investments Group Ltd. grew its position in Alibaba Group by 2.2% in the fourth quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock valued at $76,951,000 after acquiring an additional 21,228 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Alibaba Group by 462.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after purchasing an additional 139,134 shares during the last quarter. SRN Advisors LLC grew its holdings in shares of Alibaba Group by 76.7% during the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock worth $1,611,000 after purchasing an additional 9,663 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in shares of Alibaba Group by 52,685.7% during the first quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock worth $813,000 after purchasing an additional 11,064 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Up 0.4 %

Shares of NYSE:BABA traded up $0.35 during midday trading on Thursday, hitting $79.82. The stock had a trading volume of 22,497,736 shares, compared to its average volume of 16,594,971. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $96.68. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $76.55 and its 200-day simple moving average is $75.85. The company has a market cap of $202.54 billion, a P/E ratio of 18.97, a PEG ratio of 0.48 and a beta of 0.32.

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

Analysts Set New Price Targets

Several analysts have recently commented on BABA shares. Jefferies Financial Group restated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Barclays decreased 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. Bank of America upped their price target on Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial cut their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Loop Capital upped their price target on Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.28.

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.