42,300 Shares in Alibaba Group Holding Limited $BABA Bought by Point72 Europe London LLP

Key Points

• Point72 Europe London LLP has acquired 42,300 shares of Alibaba Group Holding Limited, valued at approximately $5.6 million, marking a significant investment in the company.
• Several other institutional investors have also increased their stakes in Alibaba, contributing to a reported 13.47% institutional ownership of the stock.
• Analysts have mixed opinions on Alibaba's outlook, with price targets adjusted downward, yet a consensus rating still indicates a "Moderate Buy" with an average price target of $159.67.

Point72 Europe London LLP purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,300 shares of the specialty retailer's stock, valued at approximately $5,593,000.

Several other institutional investors have also bought and sold shares of the stock. Retirement Planning Co of New England Inc. grew its holdings in Alibaba Group by 69.2% during the first quarter. Retirement Planning Co of New England Inc. now owns 17,445 shares of the specialty retailer's stock worth $2,307,000 after buying an additional 7,133 shares in the last quarter. Connecticut Wealth Management LLC bought a new position in Alibaba Group in the 1st quarter valued at $231,000. Ardmore Road Asset Management LP bought a new position in Alibaba Group in the 1st quarter valued at $19,834,000. Sassicaia Capital Advisers LLC bought a new position in Alibaba Group in the 1st quarter valued at $264,000. Finally, Baird Financial Group Inc. grew its stake in shares of Alibaba Group by 17.0% during the 1st quarter. Baird Financial Group Inc. now owns 456,663 shares of the specialty retailer's stock worth $60,385,000 after acquiring an additional 66,430 shares during the period. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

NYSE BABA opened at $135.11 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $148.43. The business's 50-day moving average price is $117.51 and its 200 day moving average price is $121.71. The firm has a market cap of $322.22 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.99 and a beta of 0.17.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays cut their price target on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday, July 15th. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Benchmark reiterated a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Mizuho cut their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Robert W. Baird cut their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $159.67.

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.

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