Parametrica Management Ltd Buys 16,417 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Parametrica Management Ltd lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 43.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,368 shares of the specialty retailer’s stock after purchasing an additional 16,417 shares during the period. Alibaba Group makes up about 6.9% of Parametrica Management Ltd’s holdings, making the stock its 2nd biggest position. Parametrica Management Ltd’s holdings in Alibaba Group were worth $5,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. CANADA LIFE ASSURANCE Co grew its stake in Alibaba Group by 462.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock valued at $12,275,000 after purchasing an additional 139,134 shares in the last quarter. Generate Investment Management Ltd purchased a new position in Alibaba Group in the third quarter valued at about $12,656,000. SRN Advisors LLC grew its stake in 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 grew its stake in Alibaba Group by 63.9% in 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 purchasing an additional 11,192 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Alibaba Group by 6.5% in the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after purchasing an additional 50,000 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Sanford C. Bernstein upped their price target on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Loop Capital reissued a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Susquehanna cut their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research report on Monday, August 19th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $114.53.

Alibaba Group Stock Performance

NYSE BABA traded up $0.10 during trading on Wednesday, reaching $91.88. 3,122,887 shares of the company’s stock were exchanged, compared to its average volume of 17,593,820. The business has a 50 day moving average price of $97.68 and a 200-day moving average price of $85.39. The stock has a market capitalization of $220.05 billion, a P/E ratio of 24.03, a PEG ratio of 0.42 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $117.82.

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

Alibaba Group Company 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.