Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 32.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,750 shares of the specialty retailer's stock after purchasing an additional 15,000 shares during the period. Capstone Investment Advisors LLC's holdings in Alibaba Group were worth $6,447,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its position in Alibaba Group by 10.5% during the third quarter. Hantz Financial Services Inc. now owns 37,454 shares of the specialty retailer's stock worth $3,975,000 after buying an additional 3,554 shares during the period. Hyperion Capital Advisors LP purchased a new stake in shares of Alibaba Group during the 3rd quarter worth about $257,000. Financial Counselors Inc. increased its position in Alibaba Group by 4.7% during the 3rd quarter. Financial Counselors Inc. now owns 3,664 shares of the specialty retailer's stock worth $389,000 after purchasing an additional 166 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock valued at $409,385,000 after buying an additional 3,740,150 shares in the last quarter. Finally, Rings Capital Management LLC purchased a new stake in Alibaba Group during the third quarter worth approximately $753,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BABA. Macquarie raised Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 target price for the company in a research report on Monday, October 7th. Loop Capital restated a "buy" rating and issued a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Truist Financial decreased their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, August 16th. Finally, Susquehanna dropped their target price on Alibaba Group from $135.00 to $130.00 and set a "positive" rating on the stock in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $114.07.

Alibaba Group Stock Performance

BABA traded up $0.79 during trading on Friday, reaching $87.38. 7,548,006 shares of the company were exchanged, compared to its average volume of 17,591,834. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $209.06 billion, a P/E ratio of 17.63, a PEG ratio of 0.43 and a beta of 0.35. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The firm has a 50 day moving average of $98.47 and a 200 day moving average of $86.01.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

About Alibaba Group

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.