DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $6.84 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,633 shares of the specialty retailer's stock after buying an additional 7,044 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Alibaba Group were worth $6,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group in the 4th quarter valued at about $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL raised its stake in Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC bought a new position in Alibaba Group during the fourth quarter worth $52,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

NYSE:BABA traded down $0.47 during mid-day trading on Friday, reaching $125.32. The stock had a trading volume of 11,134,886 shares, compared to its average volume of 20,629,545. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The stock has a market capitalization of $299.25 billion, a PE ratio of 18.11, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a 50-day simple moving average of $124.36 and a two-hundred day simple moving average of $106.28.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on BABA. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $100.00 to $180.00 in a report on Monday, February 24th. Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Benchmark boosted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Fourteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.