Alibaba Group Holding Limited (NYSE:BABA) Holdings Decreased by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC lessened its stake in Alibaba Group Holding Limited (NYSE:BABA) by 24.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,356 shares of the specialty retailer’s stock after selling 445 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Alibaba Group were worth $98,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BABA. First Command Advisory Services Inc. bought a new position in shares of Alibaba Group in the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC increased its position in shares of Alibaba Group by 139.3% during the 2nd 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. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group in the 1st quarter worth $31,000. Asset Dedication LLC lifted its holdings in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 400 shares during the period. Finally, EdgeRock Capital LLC bought a new position in Alibaba Group during the second quarter valued at about $40,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Jefferies Financial Group restated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Bank of America upped their price target on Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research note on Thursday, August 29th. Finally, Susquehanna cut their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.61.

Alibaba Group Trading Up 4.8 %

Alibaba Group stock opened at $88.47 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $90.46. The company’s fifty day simple moving average is $80.61 and its 200-day simple moving average is $77.48. The stock has a market cap of $224.49 billion, a P/E ratio of 20.62, a P/E/G ratio of 0.43 and a beta of 0.33.

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

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.