Jeppson Wealth Management LLC Lowers Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Jeppson Wealth Management LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA) by 9.4% during the 3rd quarter, Holdings Channel reports. The firm owned 5,005 shares of the specialty retailer’s stock after selling 517 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Alibaba Group were worth $531,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BABA. First Command Advisory Services Inc. bought a new position in Alibaba Group in the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 139.3% during the second 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 in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group during the second quarter valued at approximately $27,000. Concord Wealth Partners lifted its position in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in Alibaba Group during the third quarter valued at approximately $36,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 1.3 %

Shares of NYSE BABA opened at $95.44 on Tuesday. The company’s 50-day simple moving average is $97.25 and its 200-day simple moving average is $85.13. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The firm has a market cap of $228.58 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 0.42 and a beta of 0.35. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82.

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 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 firm had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. During the same period last year, the firm posted $2.47 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts predict that Alibaba Group Holding Limited will post 8.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BABA. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, August 16th. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Barclays raised their price target on shares of Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a report on Monday, October 7th. Finally, Bank of America raised their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $113.13.

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.