Kapitalo Investimentos Ltda Acquires New Shares in Alibaba Group Holding Limited (NYSE:BABA)

Kapitalo Investimentos Ltda acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 97,616 shares of the specialty retailer's stock, valued at approximately $10,359,000. Alibaba Group comprises about 2.5% of Kapitalo Investimentos Ltda's investment portfolio, making the stock its 13th biggest position.

Several other large investors also recently modified their holdings of BABA. First Command Advisory Services Inc. acquired a new position in Alibaba Group in the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC boosted its stake in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group in the second quarter worth $27,000. Register Financial Advisors LLC bought a new stake in Alibaba Group in the first quarter valued at $31,000. Finally, Asset Dedication LLC raised its holdings in shares of Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer's stock valued at $38,000 after purchasing an additional 400 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

NYSE:BABA traded up $0.34 during trading on Wednesday, reaching $102.18. The company's stock had a trading volume of 16,396,432 shares, compared to its average volume of 17,927,643. The firm has a market cap of $259.28 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. 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 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a 50 day moving average of $90.97 and a 200-day moving average of $81.70.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.47 earnings per share. Research analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on BABA shares. Susquehanna decreased their target price on Alibaba Group from $135.00 to $130.00 and set a "positive" rating for the company in a research report on Monday, August 19th. Barclays boosted their price objective on Alibaba Group from $107.00 to $137.00 and gave the company an "overweight" rating in a report on Tuesday. Robert W. Baird upped their target price on Alibaba Group from $85.00 to $88.00 and gave the stock an "outperform" rating in a research report on Friday, August 16th. Loop Capital reissued a "buy" rating and issued a $115.00 price target on shares of Alibaba Group in a research report on Thursday, August 29th. Finally, Benchmark restated a "buy" rating and set a $118.00 price objective on shares of Alibaba Group in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.63.

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.