Deprince Race & Zollo Inc. Has $28.11 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Deprince Race & Zollo Inc. boosted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 331,543 shares of the specialty retailer's stock after acquiring an additional 20,615 shares during the quarter. Deprince Race & Zollo Inc.'s holdings in Alibaba Group were worth $28,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Alibaba Group by 9.6% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 80,633 shares of the specialty retailer's stock valued at $6,837,000 after acquiring an additional 7,044 shares in the last quarter. Eagle Global Advisors LLC lifted its position in shares of Alibaba Group by 6.0% during the fourth quarter. Eagle Global Advisors LLC now owns 35,003 shares of the specialty retailer's stock valued at $2,968,000 after purchasing an additional 1,985 shares in the last quarter. Concentric Capital Strategies LP grew its position in Alibaba Group by 32.1% in the 4th quarter. Concentric Capital Strategies LP now owns 105,750 shares of the specialty retailer's stock worth $8,967,000 after purchasing an additional 25,673 shares in the last quarter. CoreCap Advisors LLC increased its stake in Alibaba Group by 87.1% in the 4th quarter. CoreCap Advisors LLC now owns 2,530 shares of the specialty retailer's stock valued at $215,000 after buying an additional 1,178 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Alibaba Group by 5.0% in the fourth quarter. Captrust Financial Advisors now owns 11,200 shares of the specialty retailer's stock valued at $950,000 after acquiring an additional 536 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America increased their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Mizuho upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Fourteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Price Performance

BABA opened at $123.20 on Thursday. The stock has a market capitalization of $294.19 billion, a P/E ratio of 17.80, a PEG ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The stock has a 50-day moving average price of $124.55 and a 200-day moving average price of $105.81.

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

About Alibaba Group

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.

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