PFG Investments LLC Sells 480 Shares of Alibaba Group Holding Limited (NYSE:BABA)

PFG Investments LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,093 shares of the specialty retailer’s stock after selling 480 shares during the quarter. PFG Investments LLC’s holdings in Alibaba Group were worth $965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. ICA Group Wealth Management LLC grew its stake in shares of Alibaba Group by 14.6% during the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after buying an additional 128 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Alibaba Group by 4.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares in the last quarter. North Star Investment Management Corp. raised its position in Alibaba Group by 11.2% in the first quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 154 shares during the last quarter. EPIQ Capital Group LLC raised its position in Alibaba Group by 0.3% in the second quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock valued at $3,396,000 after purchasing an additional 157 shares during the last quarter. Finally, Evolution Wealth Advisors LLC boosted its stake in shares of Alibaba Group by 4.1% during the second quarter. Evolution Wealth Advisors LLC now owns 4,004 shares of the specialty retailer’s stock valued at $288,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.1 %

NYSE BABA opened at $97.42 on Monday. The stock has a market capitalization of $247.20 billion, a P/E ratio of 22.71, a P/E/G ratio of 0.55 and a beta of 0.35. The business has a 50 day simple moving average of $94.08 and a 200 day simple moving average of $83.22. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter last year, the firm posted $2.47 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts expect that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Analyst Ratings Changes

BABA has been the subject of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, August 16th. Susquehanna dropped their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Barclays increased their price objective on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Loop Capital reaffirmed a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $114.00.

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.