Larson Financial Group LLC Grows Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Larson Financial Group LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 177.4% in the third quarter, HoldingsChannel.com reports. The firm owned 2,793 shares of the specialty retailer’s stock after buying an additional 1,786 shares during the period. Larson Financial Group LLC’s holdings in Alibaba Group were worth $296,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BABA. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the second quarter valued at $25,000. GPS Wealth Strategies Group LLC grew its position 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 acquiring an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group during the second quarter worth about $27,000. Concord Wealth Partners lifted its position in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.5 %

Shares of Alibaba Group stock opened at $85.18 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $98.47 and a 200-day simple moving average of $86.00. The stock has a market cap of $203.95 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 0.41 and a beta of 0.35. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Truist Financial reduced their target price 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. Mizuho lifted their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. 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. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Finally, Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.