Alibaba Group Holding Limited $BABA Shares Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 40.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,394 shares of the specialty retailer’s stock after purchasing an additional 4,119 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Alibaba Group were worth $2,573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Brighton Jones LLC grew its stake in shares of Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares during the period. AQR Capital Management LLC purchased a new position in shares of Alibaba Group in the 1st quarter worth $254,000. Atlantic Union Bankshares Corp acquired a new position in Alibaba Group in the second quarter valued at $78,000. Savant Capital LLC boosted its holdings in Alibaba Group by 23.6% in the second quarter. Savant Capital LLC now owns 9,734 shares of the specialty retailer’s stock valued at $1,104,000 after acquiring an additional 1,861 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Alibaba Group by 2.1% during the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer’s stock valued at $480,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group News Summary

Here are the key news stories impacting Alibaba Group this week:

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Morgan Stanley dropped their price target on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Benchmark reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Alibaba Group in a research note on Tuesday, November 25th. Weiss Ratings cut Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Citigroup increased their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Finally, Rosenblatt Securities set a $195.00 price target on shares of Alibaba Group in a report on Wednesday, November 26th. Sixteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $195.17.

Get Our Latest Stock Analysis on Alibaba Group

Alibaba Group Trading Up 1.5%

NYSE:BABA opened at $132.74 on Tuesday. The business’s 50-day moving average is $157.16 and its two-hundred day moving average is $158.33. The firm has a market capitalization of $316.90 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.86 and a beta of 0.43. Alibaba Group Holding Limited has a 12 month low of $95.73 and a 12 month high of $192.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

Alibaba Group Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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

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