GSA Capital Partners LLP Acquires New Stake in Alibaba Group Holding Limited $BABA

GSA Capital Partners LLP acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,038 shares of the specialty retailer’s stock, valued at approximately $722,000.

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

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $154.60 on Friday. The company’s fifty day moving average price is $158.99 and its 200-day moving average price is $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 capitalization of $369.10 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 3.38 and a beta of 0.39. Alibaba Group Holding Limited has a one year low of $95.73 and a one year high of $192.67.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Arete Research raised shares of Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Wednesday, January 21st. Jefferies Financial Group reduced their price target on Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Barclays raised their target price on Alibaba Group from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Loop Capital set a $140.00 price target on Alibaba Group in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Seventeen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.17.

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.