B. Metzler seel. Sohn & Co. AG Purchases 8,707 Shares of Alibaba Group Holding Limited $BABA

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 60.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,101 shares of the specialty retailer’s stock after acquiring an additional 8,707 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Alibaba Group were worth $3,386,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BABA. Capital World Investors increased its position in Alibaba Group by 1,074.9% in the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after purchasing an additional 5,524,354 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Alibaba Group in the third quarter worth about $290,208,000. Trivest Advisors Ltd acquired a new stake in Alibaba Group in the third quarter worth about $202,126,000. Coatue Management LLC increased its position in Alibaba Group by 130.1% in the third quarter. Coatue Management LLC now owns 1,996,593 shares of the specialty retailer’s stock worth $356,851,000 after purchasing an additional 1,128,826 shares during the period. Finally, Altimeter Capital Management LP acquired a new stake in Alibaba Group in the third quarter worth about $173,207,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 3.0%

Shares of Alibaba Group stock opened at $135.69 on Friday. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The stock has a market cap of $324.53 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.37 and a beta of 0.50. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $134.96 and its 200-day moving average is $152.53.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $40.71 billion for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%. Equities research analysts predict that Alibaba Group Holding Limited will post 4.39 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Freedom Capital lowered Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Morgan Stanley reduced their target price on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. JPMorgan Chase & Co. reduced their target price on Alibaba Group from $215.00 to $205.00 and set an “overweight” rating on the stock in a report on Friday, March 20th. Nomura raised their target price on Alibaba Group from $193.00 to $237.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Loop Capital set a $140.00 target price on Alibaba Group in a report on Tuesday, January 6th. Sixteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $187.68.

View Our Latest Report on BABA

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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