IRON Financial LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

IRON Financial LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,680 shares of the specialty retailer’s stock, valued at approximately $284,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after acquiring an additional 5,715,155 shares during the period. International Assets Investment Management LLC grew its position in Alibaba Group by 9,205.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer’s stock worth $1,801,240,000 after purchasing an additional 1,679,117 shares during the last quarter. AMF Tjanstepension AB increased its stake in shares of Alibaba Group by 79.5% in the second quarter. AMF Tjanstepension AB now owns 2,610,884 shares of the specialty retailer’s stock valued at $188,197,000 after purchasing an additional 1,156,479 shares during the period. Marshall Wace LLP raised its holdings in shares of Alibaba Group by 384.2% during the second quarter. Marshall Wace LLP now owns 1,424,944 shares of the specialty retailer’s stock valued at $102,596,000 after buying an additional 1,130,643 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Alibaba Group by 523.8% during the second quarter. Renaissance Technologies LLC now owns 1,335,600 shares of the specialty retailer’s stock worth $96,163,000 after buying an additional 1,121,500 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the topic of several analyst reports. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research report on Friday, August 16th. Susquehanna cut their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 target price on shares of Alibaba Group in a research report on Friday, August 23rd. JPMorgan Chase & Co. boosted their price target on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Bank of America increased their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Alibaba Group Stock Down 1.1 %

Shares of Alibaba Group stock traded down $1.12 on Thursday, hitting $97.58. 3,812,321 shares of the company traded hands, compared to its average volume of 17,731,293. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $95.08 and a 200 day moving average price of $83.70. The company has a market cap of $247.61 billion, a PE ratio of 22.64, a PEG ratio of 0.55 and a beta of 0.35. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $2.47 earnings per share. Sell-side analysts predict 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.