Alibaba Group Holding Ltd (BABA) Shares Bought by Segantii Capital Management Ltd

Segantii Capital Management Ltd lifted its stake in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 488.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,796 shares of the specialty retailer’s stock after purchasing an additional 134,296 shares during the period. Alibaba Group comprises about 3.5% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 7th biggest holding. Segantii Capital Management Ltd’s holdings in Alibaba Group were worth $29,520,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BABA. Norges Bank bought a new position in Alibaba Group in the fourth quarter worth about $1,734,020,000. BlackRock Inc. lifted its holdings in Alibaba Group by 7.4% in the fourth quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock worth $9,284,230,000 after acquiring an additional 4,674,615 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in Alibaba Group by 449.8% in the third quarter. Federated Investors Inc. PA now owns 3,691,425 shares of the specialty retailer’s stock worth $608,200,000 after acquiring an additional 3,020,054 shares during the last quarter. Nordea Investment Management AB bought a new position in Alibaba Group in the third quarter worth about $490,205,000. Finally, Legal & General Group Plc lifted its holdings in Alibaba Group by 40.4% in the fourth quarter. Legal & General Group Plc now owns 7,770,872 shares of the specialty retailer’s stock worth $1,065,152,000 after acquiring an additional 2,234,676 shares during the last quarter. 40.28% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group stock traded down $0.79 during midday trading on Friday, reaching $187.09. The stock had a trading volume of 9,305,110 shares, compared to its average volume of 13,194,202. Alibaba Group Holding Ltd has a twelve month low of $129.77 and a twelve month high of $211.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $479.68 billion, a price-to-earnings ratio of 46.42, a P/E/G ratio of 1.57 and a beta of 2.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Wednesday, January 30th. The specialty retailer reported $12.19 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $10.83. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The firm had revenue of $117.28 billion during the quarter, compared to analyst estimates of $118.52 billion. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue was up 41.3% on a year-over-year basis. Equities analysts forecast that Alibaba Group Holding Ltd will post 3.68 earnings per share for the current fiscal year.

BABA has been the topic of a number of recent analyst reports. KeyCorp set a $200.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Wednesday, January 23rd. Robert W. Baird raised their price objective on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Citigroup reiterated a “buy” rating and set a $211.00 price objective (up previously from $208.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Bank of America reiterated a “buy” rating and set a $215.00 price objective (down previously from $221.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Finally, ValuEngine lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $211.54.

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Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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