GSA Capital Partners LLP Buys Shares of 7,179 Alibaba Group Holding Limited (NYSE:BABA)

GSA Capital Partners LLP bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,179 shares of the specialty retailer's stock, valued at approximately $762,000.

A number of other large investors have also made changes to their positions in BABA. Orion Portfolio Solutions LLC lifted its position in Alibaba Group by 53.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 28,517 shares of the specialty retailer's stock valued at $2,063,000 after acquiring an additional 9,899 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Alibaba Group by 9.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 185,112 shares of the specialty retailer's stock valued at $13,582,000 after acquiring an additional 16,553 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Alibaba Group during the 1st quarter worth approximately $312,000. Jacobi Capital Management LLC grew its stake in shares of Alibaba Group by 62.9% during the 1st quarter. Jacobi Capital Management LLC now owns 5,397 shares of the specialty retailer's stock worth $391,000 after acquiring an additional 2,084 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Alibaba Group by 44.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 65,670 shares of the specialty retailer's stock valued at $4,752,000 after purchasing an additional 20,163 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BABA shares. Morgan Stanley restated an "equal weight" rating and set a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. Robert W. Baird raised their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Truist Financial cut their target price on shares of Alibaba Group from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, August 16th. Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Sanford C. Bernstein raised their price objective on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a "market perform" rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.53.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $0.78 during trading on Monday, reaching $89.37. 13,482,414 shares of the company's stock were exchanged, compared to its average volume of 17,669,006. 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 1-year low of $66.63 and a 1-year high of $117.82. The company has a market cap of $213.99 billion, a P/E ratio of 18.13, a PEG ratio of 0.39 and a beta of 0.35. The firm's 50-day moving average price is $98.34 and its 200 day moving average price is $85.77.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.82 earnings per share. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current 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.