Signaturefd LLC Buys 986 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Signaturefd LLC increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.1% in the third quarter, Holdings Channel reports. The institutional investor owned 24,863 shares of the specialty retailer’s stock after acquiring an additional 986 shares during the period. Signaturefd LLC’s holdings in Alibaba Group were worth $2,638,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $25,000. GPS Wealth Strategies Group LLC increased its stake in 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 purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group during the second quarter worth $27,000. Register Financial Advisors LLC purchased a new stake in shares of Alibaba Group during the first quarter valued at $31,000. Finally, Asset Dedication LLC grew 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 worth $38,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.5 %

NYSE BABA opened at $100.42 on Wednesday. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. 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 business has a fifty day moving average price of $93.09 and a 200 day moving average price of $82.71. The company has a market cap of $254.82 billion, a P/E ratio of 23.41, a P/E/G ratio of 0.55 and a beta of 0.35.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $116.00 price objective on shares of Alibaba Group in a research report on Friday, July 26th. Barclays boosted their price target on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Bank of America lifted their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Finally, Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.63.

About Alibaba Group

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.