16,373 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,373 shares of the specialty retailer's stock, valued at approximately $1,738,000.

Other large investors also recently modified their holdings of the company. Primecap Management Co. CA grew its position in shares of Alibaba Group by 5.2% in the second quarter. Primecap Management Co. CA now owns 21,870,987 shares of the specialty retailer's stock valued at $1,574,711,000 after purchasing an additional 1,074,175 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Alibaba Group by 1,392.6% during the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock worth $650,043,000 after purchasing an additional 5,715,155 shares during the last quarter. Discerene Group LP lifted its stake in shares of Alibaba Group by 21.2% in the 1st quarter. Discerene Group LP now owns 3,021,375 shares of the specialty retailer's stock valued at $218,627,000 after acquiring an additional 529,237 shares during the last quarter. AMF Tjanstepension AB lifted its stake in shares of Alibaba Group by 6.9% in the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer's stock valued at $296,062,000 after acquiring an additional 178,999 shares during the last quarter. Finally, Eminence Capital LP raised its position in Alibaba Group by 9.0% during the 2nd quarter. Eminence Capital LP now owns 1,830,387 shares of the specialty retailer's stock valued at $131,788,000 after purchasing an additional 150,488 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $3.64 on Tuesday, hitting $91.78. The company's stock had a trading volume of 21,596,943 shares, compared to its average volume of 17,659,469. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The company has a market capitalization of $219.81 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 0.42 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a 50 day moving average of $97.49 and a 200-day moving average of $85.28.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS 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 during the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the prior year, the business posted $2.47 earnings per share. Alibaba Group's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts predict that Alibaba Group Holding Limited will post 8.51 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on BABA shares. Morgan Stanley reiterated an "equal weight" rating and set a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. Susquehanna reduced their target price on Alibaba Group from $135.00 to $130.00 and set a "positive" rating on the stock in a report on Monday, August 19th. Barclays upped their target price on Alibaba Group from $107.00 to $137.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Loop Capital reiterated a "buy" rating and set a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Robert W. Baird upped their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $114.53.

Alibaba Group Company 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.