Trexquant Investment LP Takes Position in Alibaba Group Holding Limited $BABA

Key Points

• Trexquant Investment LP has acquired a new stake of 83,239 shares in Alibaba Group, valued at approximately $11 million, during the first quarter of the year.
• Several other hedge funds, including American Century Companies and Causeway Capital Management, have also increased their positions in Alibaba, highlighting a trend of growing institutional investment in the company.
• Analyst ratings for Alibaba have been mixed, with recent reports showing price target reductions and a consensus rating of "Moderate Buy" with a target price of $159.67.

Trexquant Investment LP acquired a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,239 shares of the specialty retailer's stock, valued at approximately $11,007,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Alibaba Group in the 1st quarter worth $26,000. Summit Securities Group LLC increased its stake in shares of Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 59,000 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of Alibaba Group by 1,960.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of Alibaba Group in the 1st quarter worth $31,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Alibaba Group in the 1st quarter worth $31,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BABA shares. Loop Capital set a $176.00 price objective on Alibaba Group in a research note on Friday, May 16th. Benchmark reiterated a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. 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. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Finally, Bank of America cut their price target on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.67.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $15.54 during trading on Friday, reaching $135.11. 82,003,855 shares of the stock traded hands, compared to its average volume of 14,601,554. The company has a market capitalization of $322.14 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.99 and a beta of 0.11. The business has a fifty day simple moving average of $117.51 and a two-hundred day simple moving average of $121.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 52-week low of $80.06 and a 52-week high of $148.43.

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.