GSA Capital Partners LLP Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

GSA Capital Partners LLP purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,179 shares of the specialty retailer’s stock, valued at approximately $762,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC increased its stake in shares of Alibaba Group by 53.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 28,517 shares of the specialty retailer’s stock valued at $2,063,000 after purchasing an additional 9,899 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Alibaba Group by 9.8% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,112 shares of the specialty retailer’s stock worth $13,582,000 after buying an additional 16,553 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Alibaba Group during the 1st quarter valued at approximately $312,000. Jacobi Capital Management LLC grew its stake in Alibaba Group by 62.9% in the 1st quarter. Jacobi Capital Management LLC now owns 5,397 shares of the specialty retailer’s stock valued at $391,000 after acquiring an additional 2,084 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Alibaba Group by 44.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 65,670 shares of the specialty retailer’s stock worth $4,752,000 after acquiring an additional 20,163 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 2.2 %

Shares of NYSE BABA opened at $88.59 on Monday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The company has a market capitalization of $212.12 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.39 and a beta of 0.35. The company has a 50 day simple moving average of $98.18 and a 200-day simple moving average of $85.70. 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 (NYSE:BABA) last posted its 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 company had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.47 earnings per share. On average, equities research analysts predict that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BABA shares. Loop Capital reiterated a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a research report on Thursday, August 29th. Bank of America lifted their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Truist Financial reduced their target price on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research note on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $114.53.

Alibaba Group 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.