Flow Traders U.S. LLC Buys New Shares in Alibaba Group Holding Limited (NYSE:BABA)

Flow Traders U.S. LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,281 shares of the specialty retailer’s stock, valued at approximately $2,046,000.

A number of other hedge funds also recently modified their holdings of BABA. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group during the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC lifted its stake in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group during the second quarter valued at approximately $27,000. Concord Wealth Partners grew its stake in shares of 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 purchasing an additional 155 shares during the period. Finally, Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group in the 3rd quarter worth approximately $36,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.9 %

BABA opened at $87.37 on Monday. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company has a market cap of $209.05 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a 50 day simple moving average of $98.45 and a 200 day simple moving average of $86.11.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating 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 company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BABA. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird upped their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Truist Financial cut their target price on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.07.

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.