Teachers Retirement System of The State of Kentucky Boosts Stake in Alibaba Group Holding Limited (NYSE:BABA)

Teachers Retirement System of The State of Kentucky boosted its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 30.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,490 shares of the specialty retailer's stock after buying an additional 43,800 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Alibaba Group were worth $19,790,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its stake in shares of Alibaba Group by 1,392.6% in the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock valued at $650,043,000 after buying an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 3,180.1% during the 3rd 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 acquiring an additional 3,740,150 shares during the period. Hhlr Advisors LTD. grew its position in Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after acquiring an additional 3,448,152 shares in the last quarter. FMR LLC increased its stake in Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Alibaba Group by 9,205.2% during the third quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer's stock worth $1,801,240,000 after purchasing an additional 1,679,117 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Bank of America boosted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Loop Capital restated a "buy" rating and issued a $115.00 price objective on shares of Alibaba Group in a report on Thursday, August 29th. Mizuho boosted their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein raised their price target on Alibaba Group from $80.00 to $85.00 and gave the company a "market perform" rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $114.07.

Alibaba Group Price Performance

Shares of BABA traded up $0.27 during mid-day trading on Thursday, reaching $89.25. 9,936,682 shares of the company's stock were exchanged, compared to its average volume of 17,494,549. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $95.83 and a two-hundred day simple moving average of $86.23. The company has a market cap of $213.29 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 0.42 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping 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 firm had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. During the same quarter last year, the business posted $1.82 EPS. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Alibaba Group 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.