Signature Estate & Investment Advisors LLC Invests $454,000 in Alibaba Group Holding Limited (NYSE:BABA)

Signature Estate & Investment Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,307 shares of the specialty retailer’s stock, valued at approximately $454,000.

Several other institutional investors have also added to or reduced their stakes in BABA. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group during the 2nd quarter worth $25,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $26,000. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at approximately $31,000. Finally, ICA Group Wealth Management LLC acquired a new position in Alibaba Group during the 4th quarter worth approximately $42,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BABA has been the subject of several research analyst reports. Mizuho lowered their price target on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Citigroup lowered their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Robert W. Baird lifted their target price on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Loop Capital raised their price target on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Truist Financial decreased 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 analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $107.61.

Alibaba Group Stock Down 0.4 %

Shares of NYSE:BABA opened at $81.45 on Wednesday. The firm has a market cap of $206.68 billion, a P/E ratio of 18.99, a PEG ratio of 0.48 and a beta of 0.32. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $96.68. The business’s 50 day simple moving average is $77.43 and its two-hundred day simple moving average is $76.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. Alibaba Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.47 EPS. As a group, research analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Company 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.