Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Trimmed by V2 Financial group LLC

V2 Financial group LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,357 shares of the specialty retailer’s stock after selling 673 shares during the quarter. Alibaba Group accounts for approximately 1.6% of V2 Financial group LLC’s holdings, making the stock its 11th largest position. V2 Financial group LLC’s holdings in Alibaba Group were worth $2,479,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BABA. Proactive Wealth Strategies LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $213,000. GSA Capital Partners LLP acquired a new position in Alibaba Group in the third quarter valued at approximately $762,000. Apollon Wealth Management LLC bought a new position in shares of Alibaba Group during the third quarter valued at approximately $923,000. Nations Financial Group Inc. IA ADV raised its position in shares of Alibaba Group by 63.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after purchasing an additional 11,192 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 121 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $95.44 on Tuesday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $97.49 and a two-hundred day moving average of $85.28. The company has a market capitalization of $228.58 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 0.42 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.47 earnings per share. As a group, analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America raised their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Loop Capital reiterated a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Finally, Sanford C. Bernstein boosted their price target on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.53.

Alibaba Group Company 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.