Future Financial Wealth Managment LLC Decreases Position in Alibaba Group Holding Limited (NYSE:BABA)

Future Financial Wealth Managment LLC decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 66.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 400 shares of the specialty retailer’s stock after selling 775 shares during the period. Future Financial Wealth Managment LLC’s holdings in Alibaba Group were worth $34,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Concord Wealth Partners grew its position in 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 period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group in the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC acquired a new position in Alibaba Group in the 3rd quarter worth about $36,000. Assetmark Inc. boosted its position in Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alibaba Group in the second quarter valued at approximately $38,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

BABA traded up $0.25 during trading on Monday, hitting $80.78. 6,106,941 shares of the stock were exchanged, compared to its average volume of 11,232,716. The firm has a market capitalization of $192.50 billion, a P/E ratio of 16.39, a PEG ratio of 0.44 and a beta of 0.30. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82. The stock has a fifty day moving average price of $87.59 and a two-hundred day moving average price of $87.54. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last issued its quarterly 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. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BABA. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Monday, October 7th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. Robert W. Baird boosted their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Citigroup boosted their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

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.