2,130 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Dearborn Partners LLC

Dearborn Partners LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,130 shares of the specialty retailer’s stock, valued at approximately $226,000.

Other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners lifted 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 worth $27,000 after purchasing an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the 2nd quarter worth approximately $27,000. Highline Wealth Partners LLC purchased a new position in Alibaba Group in the 3rd quarter worth approximately $36,000. First Command Advisory Services Inc. acquired a new stake in Alibaba Group in the second quarter valued at approximately $25,000. Finally, GPS Wealth Strategies Group LLC raised 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 purchasing an additional 209 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 2.2 %

Shares of NYSE:BABA opened at $88.57 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s 50-day moving average is $98.04 and its 200-day moving average is $85.47. The company has a market cap of $212.07 billion, a P/E ratio of 23.19, a P/E/G ratio of 0.41 and a beta of 0.35. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating the consensus estimate of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. Alibaba Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.47 earnings per share. Equities research analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of recent analyst reports. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. Robert W. Baird increased their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Finally, Truist Financial lowered their price objective on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $114.53.

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.