Squarepoint Ops LLC increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 487.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,462 shares of the specialty retailer’s stock after acquiring an additional 38,554 shares during the quarter. Squarepoint Ops LLC’s holdings in Alibaba Group were worth $7,770,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Enterprise Trust & Investment Co acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $27,000. Lee Financial Co lifted its holdings in Alibaba Group by 194.6% in the second quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 109 shares during the period. WealthStone Inc. purchased a new stake in Alibaba Group in the 2nd quarter worth approximately $29,000. Financial Advantage Inc. purchased a new stake in Alibaba Group in the 3rd quarter worth approximately $33,000. Finally, B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 46.82% of the company’s stock.
Several research firms have recently weighed in on BABA. HSBC initiated coverage on shares of Alibaba Group in a report on Wednesday, November 27th. They set a “buy” rating and a $197.70 target price for the company. Macquarie assumed coverage on shares of Alibaba Group in a report on Wednesday, November 27th. They set an “outperform” rating on the stock. KeyCorp dropped their price target on shares of Alibaba Group from $245.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Bank of America set a $233.00 price target on shares of Alibaba Group and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Robert W. Baird set a $200.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $223.71.
NYSE:BABA opened at $196.31 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The company has a fifty day moving average of $182.07 and a two-hundred day moving average of $171.58. The stock has a market capitalization of $508.88 billion, a PE ratio of 54.68, a P/E/G ratio of 1.31 and a beta of 2.26. Alibaba Group Holding Ltd has a fifty-two week low of $129.77 and a fifty-two week high of $200.98.
Alibaba Group (NYSE:BABA) last announced its earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.30. The business had revenue of $16.65 billion for the quarter, compared to analyst estimates of $16.72 billion. Alibaba Group had a net margin of 34.02% and a return on equity of 14.92%. Research analysts forecast that Alibaba Group Holding Ltd will post 5.94 earnings per share for the current year.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
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