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

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Flossbach Von Storch AG lifted its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 21.6% during the 1st quarter, according to its most recent disclosure with the SEC. 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 makes up about 3.8% of Flossbach Von Storch AG’s investment portfolio, making the stock its 8th largest position. Flossbach Von Storch AG’s holdings in Alibaba Group were worth $564,866,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Pacifica Partners Inc. purchased a new position in shares of Alibaba Group in the fourth quarter worth $26,000. Nkcfo LLC purchased a new position in shares of Alibaba Group in the first quarter worth $29,000. Sugarloaf Wealth Management LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth $30,000. Squar Milner Financial Services LLC lifted its holdings in shares of Alibaba Group by 111.7% in the fourth quarter. Squar Milner Financial Services LLC now owns 163 shares of the specialty retailer’s stock worth $34,000 after buying an additional 86 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Alibaba Group by 110.7% in the fourth quarter. Capital Advisors Ltd. LLC now owns 158 shares of the specialty retailer’s stock worth $34,000 after buying an additional 83 shares in the last quarter. 47.92% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on the stock. Raymond James lowered their target price on shares of Alibaba Group from $310.00 to $290.00 and set a “strong-buy” rating on the stock in a report on Friday, April 17th. Goldman Sachs Group reaffirmed a “buy” rating and set a $275.00 price target on shares of Alibaba Group in a research note on Friday, February 14th. Mizuho upped their price target on shares of Alibaba Group from $225.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Zacks Investment Research downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $219.00 price target on the stock. in a research note on Thursday, April 16th. Finally, CLSA reaffirmed a “buy” rating and set a $270.00 price target on shares of Alibaba Group in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $244.32.

Shares of NYSE BABA traded down $12.46 during mid-day trading on Friday, reaching $199.70. The company had a trading volume of 51,903,680 shares, compared to its average volume of 21,330,340. The business’s 50-day moving average is $201.56 and its 200-day moving average is $203.72. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.14. The stock has a market cap of $539.82 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth 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.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, May 22nd. The specialty retailer reported $9.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $8.61. The firm had revenue of $114.31 billion for the quarter, compared to analysts’ expectations of $108.31 billion. Alibaba Group had a net margin of 34.90% and a return on equity of 15.82%. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the business posted $8.57 earnings per share. As a group, equities research analysts forecast that Alibaba Group Holding Ltd will post 5.88 earnings per share for the current 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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