Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by GenTrust LLC

GenTrust LLC raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,142 shares of the specialty retailer’s stock after acquiring an additional 946 shares during the quarter. Alibaba Group makes up approximately 0.7% of GenTrust LLC’s portfolio, making the stock its 26th biggest position. GenTrust LLC’s holdings in Alibaba Group were worth $15,084,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners grew its position in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Alibaba Group in the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group in the 3rd quarter valued at about $36,000. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $25,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of 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 period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 2.8 %

NYSE:BABA opened at $83.19 on Friday. The stock’s 50 day simple moving average is $98.42 and its 200-day simple moving average is $85.83. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The firm has a market cap of $199.19 billion, a P/E ratio of 16.87, a PEG ratio of 0.43 and a beta of 0.35. The company has a current ratio of 1.37, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America lifted their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird boosted their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Truist Financial decreased their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Finally, StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

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.