Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 287.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,734 shares of the specialty retailer's stock after acquiring an additional 51,713 shares during the period. Townsquare Capital LLC's holdings in Alibaba Group were worth $7,400,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Generate Investment Management Ltd acquired a new stake in shares of Alibaba Group during the third quarter valued at $12,656,000. SRN Advisors LLC raised its stake in shares of Alibaba Group by 76.7% in the 1st quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer's stock valued at $1,611,000 after acquiring an additional 9,663 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock worth $3,047,000 after purchasing an additional 11,192 shares in the last quarter. Handelsbanken Fonder AB grew its position in Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock valued at $87,327,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock worth $28,632,000 after buying an additional 266,361 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock traded up $1.41 during trading on Thursday, hitting $86.59. 13,607,643 shares of the stock were exchanged, compared to its average volume of 17,635,047. The stock has a market cap of $207.18 billion, a PE ratio of 17.56, a P/E/G ratio of 0.42 and a beta of 0.35. The stock's fifty day moving average is $98.47 and its 200 day moving average is $86.01. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 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 released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on BABA shares. Barclays reduced their price target on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, November 19th. Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Benchmark reaffirmed a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird increased their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $114.07.

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.