Kapitalo Investimentos Ltda Makes New $10.36 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

Kapitalo Investimentos Ltda acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 97,616 shares of the specialty retailer’s stock, valued at approximately $10,359,000. Alibaba Group accounts for about 2.5% of Kapitalo Investimentos Ltda’s holdings, making the stock its 13th biggest position.

Several other institutional investors also recently bought and sold shares of BABA. First Command Advisory Services Inc. acquired a new position in shares of Alibaba Group during the second quarter worth $25,000. GPS Wealth Strategies Group LLC lifted its position in shares of 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 purchasing an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group during the second quarter worth $27,000. Register Financial Advisors LLC acquired a new position in shares of Alibaba Group during the first quarter worth $31,000. Finally, Asset Dedication LLC lifted its position 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 worth $38,000 after purchasing an additional 400 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BABA shares. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Friday, August 16th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target on the stock in a report on Monday, October 7th. Loop Capital reaffirmed a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Susquehanna cut their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a report on Monday, August 19th. Finally, Truist Financial cut their price target on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.63.

Alibaba Group Stock Down 5.5 %

Alibaba Group stock opened at $101.85 on Wednesday. The company has a 50-day simple moving average of $90.97 and a 200-day simple moving average of $81.70. The firm has a market capitalization of $258.44 billion, a P/E ratio of 23.74, a P/E/G ratio of 0.55 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.47 earnings per share. As a group, equities analysts expect that Alibaba Group Holding Limited will post 7.93 earnings per share for the current 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.