Transamerica Financial Advisors Inc. Acquires Shares of 1,298 Alibaba Group Holding Limited (NYSE:BABA)

Transamerica Financial Advisors Inc. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, HoldingsChannel.com reports. The firm acquired 1,298 shares of the specialty retailer’s stock, valued at approximately $138,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BABA. First Command Advisory Services Inc. purchased a new stake in Alibaba Group during the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC grew its stake in shares of Alibaba Group by 139.3% during the second 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. Strategic Investment Solutions Inc. IL bought a new position in shares of 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% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the third quarter valued at approximately $36,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 1.7 %

Shares of NYSE BABA opened at $86.60 on Thursday. 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 stock has a market capitalization of $207.21 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 0.42 and a beta of 0.35. The stock’s fifty day simple moving average is $98.51 and its two-hundred day simple moving average is $86.01. 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 announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. As a group, analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Susquehanna cut their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Truist Financial cut their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.