QS Investors LLC Buys 3,000 Shares of Alibaba Group Holding Limited (NYSE:BABA)

QS Investors LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA) by 27.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,800 shares of the specialty retailer’s stock after acquiring an additional 3,000 shares during the quarter. QS Investors LLC’s holdings in Alibaba Group were worth $3,130,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Camden National Bank grew its position in Alibaba Group by 56.8% during the 4th quarter. Camden National Bank now owns 27,238 shares of the specialty retailer’s stock worth $6,339,000 after acquiring an additional 9,866 shares during the last quarter. E Fund Management Co. Ltd. grew its position in Alibaba Group by 44.7% during the 1st quarter. E Fund Management Co. Ltd. now owns 1,450,924 shares of the specialty retailer’s stock worth $328,968,000 after acquiring an additional 447,923 shares during the last quarter. Quilter Plc grew its position in Alibaba Group by 7.1% during the 1st quarter. Quilter Plc now owns 153,545 shares of the specialty retailer’s stock worth $34,813,000 after acquiring an additional 10,221 shares during the last quarter. Texas Yale Capital Corp. bought a new stake in Alibaba Group during the 1st quarter worth approximately $248,000. Finally, Ensign Peak Advisors Inc grew its position in Alibaba Group by 63.2% during the 1st quarter. Ensign Peak Advisors Inc now owns 129,800 shares of the specialty retailer’s stock worth $29,430,000 after acquiring an additional 50,250 shares during the last quarter. Institutional investors own 24.48% of the company’s stock.

A number of equities research analysts recently commented on the company. Benchmark increased their price target on Alibaba Group from $270.00 to $277.00 and gave the stock a “buy” rating in a research report on Tuesday, September 28th. Susquehanna decreased their price target on Alibaba Group from $350.00 to $310.00 and set a “positive” rating on the stock in a research report on Thursday, August 5th. KGI Securities initiated coverage on Alibaba Group in a research report on Monday, September 6th. They set a “neutral” rating on the stock. Morgan Stanley reduced their price objective on Alibaba Group from $300.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 6th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares reduced their price objective on Alibaba Group from $350.00 to $310.00 and set a “positive” rating on the stock in a report on Thursday, August 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and an average target price of $280.44.

Shares of Alibaba Group stock opened at $167.40 on Thursday. The company has a market capitalization of $455.02 billion, a PE ratio of 20.41, a PEG ratio of 1.31 and a beta of 0.79. Alibaba Group Holding Limited has a 12 month low of $138.43 and a 12 month high of $319.32. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $165.26 and its 200 day simple moving average is $199.57.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Monday, August 2nd. The specialty retailer reported $16.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $14.86. The business had revenue of $205.74 billion for the quarter, compared to the consensus estimate of $208.67 billion. Alibaba Group had a return on equity of 12.92% and a net margin of 19.25%. The firm’s revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the business posted $14.82 EPS. Analysts predict that Alibaba Group Holding Limited will post 8.3 EPS for the current fiscal year.

Alibaba Group Profile

Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale.

Read More: What can cause a stock to outperform?

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA).

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.