WealthPlan Investment Management LLC Grows Position in Alibaba Group Holding Limited (NYSE:BABA)

WealthPlan Investment Management LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 323.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,059 shares of the specialty retailer’s stock after purchasing an additional 3,100 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Alibaba Group were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of BABA. Princeton Global Asset Management LLC bought a new position in shares of Alibaba Group in the 3rd quarter valued at about $26,000. Brown Shipley& Co Ltd increased its stake in Alibaba Group by 3.2% in the second quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 202 shares during the period. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Alibaba Group in the third quarter worth $27,000. GPS Wealth Strategies Group LLC grew its stake in Alibaba Group by 116.7% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group in the 3rd quarter worth $30,000. 14.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on BABA. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday. The Goldman Sachs Group cut their price target on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday. Susquehanna lowered their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday. UBS Group reiterated a “buy” rating and set a $127.00 price objective (up previously from $120.00) on shares of Alibaba Group in a report on Wednesday, November 1st. Finally, Truist Financial cut their price objective on shares of Alibaba Group from $126.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.44.

Get Our Latest Report on Alibaba Group

Alibaba Group Trading Up 1.8 %

NYSE BABA opened at $72.02 on Monday. The company has a fifty day moving average of $73.22 and a 200 day moving average of $82.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $182.75 billion, a PE ratio of 13.29 and a beta of 0.47. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $106.64.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm had revenue of $260.35 billion during the quarter, compared to analysts’ expectations of $260.26 billion. During the same period in the previous year, the firm posted $2.44 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts forecast that Alibaba Group Holding Limited will post 7.94 earnings per share for the current year.

Alibaba Group Dividend Announcement

The business also recently declared a — dividend, which was paid on Thursday, January 18th. Investors of record on Thursday, December 21st were issued a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. Alibaba Group’s payout ratio is presently 18.08%.

Alibaba Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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