Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Parametrica Management Ltd

Parametrica Management Ltd increased its position in Alibaba Group Holding Limited (NYSE:BABA) by 43.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,368 shares of the specialty retailer’s stock after buying an additional 16,417 shares during the period. Alibaba Group accounts for approximately 6.9% of Parametrica Management Ltd’s investment portfolio, making the stock its 2nd biggest holding. Parametrica Management Ltd’s holdings in Alibaba Group were worth $5,770,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in shares of Alibaba Group by 11.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 49,237 shares of the specialty retailer’s stock worth $5,225,000 after buying an additional 5,089 shares in the last quarter. Angeles Investment Advisors LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $271,000. Community Bank & Trust Waco Texas purchased a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $264,000. Future Fund LLC purchased a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $754,000. Finally, Aptus Capital Advisors LLC purchased a new position in Alibaba Group in the 3rd quarter valued at approximately $206,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BABA. StockNews.com lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays lifted their price target on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $114.53.

Alibaba Group Stock Up 0.1 %

BABA stock traded up $0.10 on Wednesday, hitting $91.88. 3,122,887 shares of the company’s stock were exchanged, compared to its average volume of 17,593,820. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82. The firm has a 50 day moving average price of $97.68 and a two-hundred day moving average price of $85.39. 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 stock has a market cap of $220.05 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 0.42 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter in the prior year, the business earned $2.47 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 8.51 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.