Apollon Wealth Administration LLC purchased a brand new stake in Alibaba Group Holding Restricted (NYSE:BABA – Free Report) within the third quarter, based on the corporate in its most up-to-date Type 13F submitting with the Securities and Change Fee (SEC). The fund purchased 8,696 shares of the specialty retailer’s inventory, valued at roughly $923,000.
Numerous different institutional traders additionally not too long ago modified their holdings of the enterprise. Nations Monetary Group Inc. IA ADV boosted its place in shares of Alibaba Group by 63.9% within the third quarter. Nations Monetary Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s inventory valued at $3,047,000 after buying a further 11,192 shares throughout the interval. Venturi Wealth Administration LLC boosted its place in shares of Alibaba Group by 6.0% within the third quarter. Venturi Wealth Administration LLC now owns 2,152 shares of the specialty retailer’s inventory valued at $228,000 after buying a further 121 shares throughout the interval. Weil Firm Inc. purchased a brand new stake in shares of Alibaba Group within the third quarter valued at about $327,000. Ashton Thomas Securities LLC boosted its place in shares of Alibaba Group by 10.6% within the third quarter. Ashton Thomas Securities LLC now owns 3,071 shares of the specialty retailer’s inventory valued at $326,000 after buying a further 294 shares throughout the interval. Lastly, State of New Jersey Frequent Pension Fund D boosted its place in shares of Alibaba Group by 16.1% within the third quarter. State of New Jersey Frequent Pension Fund D now owns 75,954 shares of the specialty retailer’s inventory valued at $8,060,000 after buying a further 10,515 shares throughout the interval. Institutional traders personal 13.47% of the corporate’s inventory.
Analysts Set New Worth Targets
Numerous analysis analysts not too long ago commented on the corporate. Barclays boosted their worth goal on Alibaba Group from $107.00 to $137.00 and gave the corporate an “chubby” score in a analysis be aware on Tuesday, October fifteenth. Susquehanna dropped their worth goal on Alibaba Group from $135.00 to $130.00 and set a “constructive” score for the corporate in a analysis be aware on Monday, August nineteenth. Mizuho boosted their worth goal on Alibaba Group from $92.00 to $113.00 and gave the corporate an “outperform” score in a analysis be aware on Tuesday. Benchmark reaffirmed a “purchase” score and issued a $118.00 worth goal on shares of Alibaba Group in a analysis be aware on Friday. Lastly, JPMorgan Chase & Co. boosted their worth goal on Alibaba Group from $100.00 to $108.00 and gave the corporate an “chubby” score in a analysis be aware on Friday, August sixteenth. Three analysts have rated the inventory with a maintain score and 13 have issued a purchase score to the corporate. In response to knowledge from MarketBeat, the corporate has a mean score of “Average Purchase” and a mean goal worth of $114.53.
Alibaba Group Inventory Efficiency
Alibaba Group inventory opened at $88.57 on Friday. The enterprise has a 50 day transferring common of $98.04 and a 200-day transferring common of $85.47. Alibaba Group Holding Restricted has a 1 12 months low of $66.63 and a 1 12 months excessive of $117.82. The corporate has a debt-to-equity ratio of 0.17, a present ratio of 1.41 and a fast ratio of 1.41. The corporate has a market capitalization of $212.07 billion, a P/E ratio of 23.01, a P/E/G ratio of 0.41 and a beta of 0.35.
Alibaba Group (NYSE:BABA – Get Free Report) final launched its quarterly earnings knowledge on Thursday, August fifteenth. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on fairness of 12.08% and a internet margin of seven.31%. The corporate had income of $243.24 billion throughout the quarter, in comparison with the consensus estimate of $248.32 billion. Throughout the identical quarter within the prior 12 months, the agency posted $2.47 earnings per share. The agency’s income was up 3.9% in comparison with the identical quarter final 12 months. On common, equities analysis analysts predict that Alibaba Group Holding Restricted will publish 8.51 earnings per share for the present 12 months.
About Alibaba Group
Alibaba Group Holding Restricted, by way of its subsidiaries, offers know-how infrastructure and advertising and marketing attain to assist retailers, manufacturers, retailers, and different companies to have interaction with their customers and prospects within the Folks’s Republic of China and internationally. The corporate operates by way of seven segments: China Commerce, Worldwide Commerce, Native Client Providers, Cainiao, Cloud, Digital Media and Leisure, and Innovation Initiatives and Others.
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