157,800 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by Gemsstock Ltd.

Gemsstock Ltd. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 157,800 shares of the specialty retailer's stock, valued at approximately $16,746,000. Alibaba Group comprises 8.1% of Gemsstock Ltd.'s holdings, making the stock its 7th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. West Family Investments Inc. lifted its holdings in Alibaba Group by 22.5% during the 3rd quarter. West Family Investments Inc. now owns 5,451 shares of the specialty retailer's stock worth $578,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Alibaba Group by 2.0% in the third quarter. PNC Financial Services Group Inc. now owns 42,886 shares of the specialty retailer's stock valued at $4,551,000 after acquiring an additional 845 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alibaba Group in the third quarter valued at about $1,107,000. Knuff & Co LLC raised its stake in Alibaba Group by 4.3% in the 3rd quarter. Knuff & Co LLC now owns 47,494 shares of the specialty retailer's stock worth $5,040,000 after purchasing an additional 1,940 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in Alibaba Group by 12.4% in the 3rd quarter. Caprock Group LLC now owns 45,264 shares of the specialty retailer's stock valued at $4,803,000 after purchasing an additional 4,978 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Trading Down 0.0 %

Shares of NYSE:BABA traded down $0.04 during midday trading on Wednesday, reaching $87.07. The company's stock had a trading volume of 6,012,885 shares, compared to its average volume of 17,631,879. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82. The firm has a 50 day moving average price of $98.41 and a two-hundred day moving average price of $85.81. The firm has a market capitalization of $208.48 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.39 and a beta of 0.35.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate 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 12.23%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 EPS. As a group, analysts forecast that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Analysts Set New Price Targets

BABA has been the subject of a number of analyst reports. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Truist Financial reduced their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, August 16th. Morgan Stanley restated an "equal weight" rating and issued a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. Robert W. Baird boosted their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.