Virtu Financial LLC Has $14.29 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Virtu Financial LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1,033.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,686 shares of the specialty retailer's stock after buying an additional 122,800 shares during the quarter. Alibaba Group comprises 0.8% of Virtu Financial LLC's portfolio, making the stock its 10th largest holding. Virtu Financial LLC's holdings in Alibaba Group were worth $14,293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC bought a new position in Alibaba Group during the 2nd quarter valued at $213,000. Wedmont Private Capital bought a new position in Alibaba Group during the 2nd quarter valued at $254,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Alibaba Group by 105.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 43,894 shares of the specialty retailer's stock valued at $3,160,000 after acquiring an additional 22,495 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of 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 acquiring an additional 209 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Alibaba Group during the 2nd quarter valued at $50,000. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Robert W. Baird increased their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. StockNews.com upgraded Alibaba Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Finally, Sanford C. Bernstein increased 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. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $114.07.

Alibaba Group Stock Up 0.2 %

Shares of Alibaba Group stock traded up $0.14 during trading on Thursday, hitting $89.12. 7,406,948 shares of the stock traded hands, compared to its average volume of 17,483,748. The stock has a market cap of $212.97 billion, a P/E ratio of 18.09, a PEG ratio of 0.42 and a beta of 0.30. The company has a fifty day moving average price of $95.83 and a two-hundred day moving average price of $86.23. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 EPS. Equities research analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

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.