Bridgewater Associates LP Makes New $54.37 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

Bridgewater Associates LP bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 512,303 shares of the specialty retailer’s stock, valued at approximately $54,366,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Generate Investment Management Ltd acquired a new stake in shares of Alibaba Group in the 3rd quarter worth about $12,656,000. SRN Advisors LLC lifted its holdings in shares of Alibaba Group by 76.7% in the first quarter. SRN Advisors LLC now owns 22,259 shares of the specialty retailer’s stock valued at $1,611,000 after purchasing an additional 9,663 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after buying an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock worth $87,327,000 after buying an additional 50,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after buying an additional 266,361 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE BABA opened at $85.18 on Wednesday. The company’s 50 day simple moving average is $98.47 and its two-hundred day simple moving average is $86.00. The stock has a market capitalization of $203.81 billion, a PE ratio of 17.28, a P/E/G ratio of 0.42 and a beta of 0.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. Analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

BABA has been the subject of a number of recent analyst reports. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird lifted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a report on Thursday, August 29th. Finally, Barclays dropped their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.07.

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.