Future Fund LLC Makes New $754,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Future Fund LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,730 shares of the specialty retailer's stock, valued at approximately $754,000. Alibaba Group accounts for approximately 2.2% of Future Fund LLC's holdings, making the stock its 22nd biggest holding.

A number of other large investors also recently bought and sold shares of BABA. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC grew its holdings in 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 buying an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group during the second quarter worth $27,000. Concord Wealth Partners raised its holdings in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 155 shares during the last quarter. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the third quarter valued at $36,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Down 0.2 %

NYSE BABA traded down $0.20 during trading hours on Wednesday, hitting $91.58. The company had a trading volume of 8,293,071 shares, compared to its average volume of 17,616,781. The firm's 50 day moving average is $97.68 and its 200 day moving average is $85.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The company has a market capitalization of $219.33 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 0.41 and a beta of 0.35.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $248.32 billion. During the same period last year, the business posted $2.47 EPS. The company's revenue was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $116.00 target price on shares of Alibaba Group in a research note on Friday, July 26th. Susquehanna reduced their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a "positive" rating on the stock in a research note on Monday, August 19th. StockNews.com lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Tuesday. Truist Financial cut their price target on Alibaba Group from $110.00 to $100.00 and set a "buy" rating for the company in a report on Friday, August 16th. Finally, Sanford C. Bernstein lifted their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a "market perform" rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Alibaba Group currently has an average rating of "Moderate Buy" and an average price target of $114.53.

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.