XTX Topco Ltd Has $928,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

XTX Topco Ltd grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 83.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,885 shares of the specialty retailer’s stock after acquiring an additional 5,865 shares during the period. XTX Topco Ltd’s holdings in Alibaba Group were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BABA. Principal Financial Group Inc. bought a new stake in Alibaba Group in the 4th quarter valued at $1,651,000. Assetmark Inc. grew its stake in shares of Alibaba Group by 15.6% in the fourth quarter. Assetmark Inc. now owns 3,254 shares of the specialty retailer’s stock valued at $252,000 after acquiring an additional 438 shares in the last quarter. Franklin Resources Inc. increased its position in Alibaba Group by 30.3% during the fourth quarter. Franklin Resources Inc. now owns 532,668 shares of the specialty retailer’s stock worth $41,287,000 after acquiring an additional 123,925 shares during the period. SageView Advisory Group LLC raised its stake in Alibaba Group by 135.3% in the 4th quarter. SageView Advisory Group LLC now owns 7,536 shares of the specialty retailer’s stock worth $545,000 after purchasing an additional 4,333 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its holdings in Alibaba Group by 23.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,797 shares of the specialty retailer’s stock valued at $139,000 after purchasing an additional 336 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BABA. Morgan Stanley reiterated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Loop Capital reaffirmed a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Finally, Bank of America raised their target price on shares of Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $107.61.

Alibaba Group Price Performance

Alibaba Group stock opened at $88.29 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $224.04 billion, a PE ratio of 20.58, a P/E/G ratio of 0.43 and a beta of 0.33. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $90.46. The stock has a 50-day moving average price of $80.79 and a two-hundred day moving average price of $77.63.

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. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same period last year, the company earned $2.47 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that Alibaba Group Holding Limited will post 7.93 EPS for the current 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.