4,038 Shares in Alibaba Group Holding Limited $BABA Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in Alibaba Group Holding Limited (NYSE:BABA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,038 shares of the specialty retailer’s stock, valued at approximately $722,000.

Other hedge funds have also recently made changes to their positions in the company. NTV Asset Management LLC increased its position in shares of Alibaba Group by 127.4% during the third quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock worth $2,707,000 after acquiring an additional 8,484 shares in the last quarter. Marex Group plc acquired a new position in Alibaba Group during the 2nd quarter valued at about $17,139,000. Y Intercept Hong Kong Ltd boosted its stake in Alibaba Group by 197.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 34,225 shares of the specialty retailer’s stock valued at $3,881,000 after purchasing an additional 22,701 shares during the last quarter. RD Finance Ltd bought a new stake in Alibaba Group during the 2nd quarter worth approximately $3,408,000. Finally, Oriental Harbor Investment Master Fund purchased a new stake in shares of Alibaba Group in the third quarter worth approximately $39,500,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BABA has been the topic of several analyst reports. Rosenblatt Securities set a $195.00 target price on Alibaba Group in a research report on Wednesday, November 26th. Macquarie Infrastructure restated an “outperform” rating on shares of Alibaba Group in a research note on Tuesday, November 25th. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Arete Research upgraded shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Wednesday, January 21st. Finally, Loop Capital set a $140.00 price target on shares of Alibaba Group in a research report on Tuesday, January 6th. Seventeen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $195.17.

Alibaba Group Trading Up 0.2%

Shares of Alibaba Group stock opened at $154.60 on Friday. The stock has a fifty day moving average price of $158.99 and a 200-day moving average price of $156.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $369.10 billion, a PE ratio of 21.35, a P/E/G ratio of 3.38 and a beta of 0.39. Alibaba Group Holding Limited has a 1 year low of $95.73 and a 1 year high of $192.67.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.