Deutsche Bank AG boosted its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,289 shares of the specialty retailer's stock after purchasing an additional 70,221 shares during the quarter. Deutsche Bank AG's holdings in Alibaba Group were worth $35,382,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of BABA. Deprince Race & Zollo Inc. raised its stake in shares of Alibaba Group by 6.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 331,543 shares of the specialty retailer's stock valued at $28,112,000 after acquiring an additional 20,615 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position 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 worth $6,837,000 after purchasing an additional 7,044 shares during the last quarter. Eagle Global Advisors LLC grew its position in shares of Alibaba Group by 6.0% in the 4th quarter. Eagle Global Advisors LLC now owns 35,003 shares of the specialty retailer's stock valued at $2,968,000 after buying an additional 1,985 shares during the last quarter. Concentric Capital Strategies LP increased its stake in shares of Alibaba Group by 32.1% in the fourth quarter. Concentric Capital Strategies LP now owns 105,750 shares of the specialty retailer's stock valued at $8,967,000 after buying an additional 25,673 shares during the period. Finally, CoreCap Advisors LLC raised its position in shares of Alibaba Group by 87.1% during the fourth quarter. CoreCap Advisors LLC now owns 2,530 shares of the specialty retailer's stock worth $215,000 after acquiring an additional 1,178 shares during the last quarter. Institutional investors own 13.47% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on BABA. StockNews.com raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Mizuho raised Alibaba Group to a "strong-buy" rating in a research note on Friday, April 18th. Fourteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Buy" and an average target price of $150.36.
Check Out Our Latest Research Report on BABA
Alibaba Group Price Performance
Shares of Alibaba Group stock opened at $131.70 on Wednesday. The company has a market cap of $314.49 billion, a PE ratio of 19.03, a P/E/G ratio of 0.61 and a beta of 0.24. The business has a 50 day moving average of $124.03 and a 200 day moving average of $106.70. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its 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). The firm had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.
About Alibaba Group
(
Free Report)
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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