Alibaba Group Holding Ltd (NYSE:BABA) Stock Position Increased by Flossbach Von Storch AG

Flossbach Von Storch AG lifted its holdings in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,904,493 shares of the specialty retailer’s stock after buying an additional 515,207 shares during the quarter. Alibaba Group comprises 3.8% of Flossbach Von Storch AG’s investment portfolio, making the stock its 8th biggest position. Flossbach Von Storch AG owned about 0.11% of Alibaba Group worth $564,866,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pacifica Partners Inc. purchased a new stake in Alibaba Group in the 4th quarter worth approximately $26,000. Nkcfo LLC purchased a new stake in Alibaba Group in the 1st quarter worth approximately $29,000. Sugarloaf Wealth Management LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $30,000. Squar Milner Financial Services LLC lifted its stake in Alibaba Group by 111.7% in the 4th quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 86 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Alibaba Group by 110.7% in the 4th quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 47.92% of the company’s stock.

BABA has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Alibaba Group from $240.00 to $230.00 in a research note on Friday, February 14th. Benchmark reissued a “buy” rating and issued a $275.00 price target (up previously from $220.00) on shares of Alibaba Group in a report on Friday, February 14th. They noted that the move was a valuation call. UBS Group decreased their price target on shares of Alibaba Group from $275.00 to $265.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Zacks Investment Research lowered shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $219.00 price target on the stock. in a report on Thursday, April 16th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a $275.00 price target on shares of Alibaba Group in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $244.32.

Alibaba Group stock traded down $12.46 during trading hours on Friday, reaching $199.70. The stock had a trading volume of 51,903,680 shares, compared to its average volume of 21,330,340. The stock has a market cap of $539.82 billion, a PE ratio of 21.47, a PEG ratio of 1.40 and a beta of 1.60. Alibaba Group Holding Ltd has a 52 week low of $147.95 and a 52 week high of $231.14. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.75 and a quick ratio of 1.75. The company has a fifty day simple moving average of $201.56 and a 200-day simple moving average of $203.72.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, May 22nd. The specialty retailer reported $9.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $8.61. The business had revenue of $114.31 billion for the quarter, compared to analyst estimates of $108.31 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The company’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $8.57 EPS. Research analysts predict that Alibaba Group Holding Ltd will post 5.88 earnings per share for the current fiscal year.

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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