CreativeOne Wealth LLC Invests $518,000 in Alibaba Group Holding Limited (NYSE:BABA)

CreativeOne Wealth LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 4,886 shares of the specialty retailer’s stock, valued at approximately $518,000.

Other hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group during the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC increased its position in Alibaba Group by 139.3% during 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 in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the second quarter worth $27,000. Concord Wealth Partners grew its stake in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring 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 $36,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $87.37 on Monday. The firm’s 50 day moving average price is $98.45 and its 200-day moving average price is $86.11. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $209.05 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping 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 net margin of 8.98% and a return on equity of 12.28%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 EPS. Equities research analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on BABA shares. 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. Barclays reduced their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Truist Financial lowered their price target on Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.