B. Metzler seel. Sohn & Co. AG Makes New Investment in Alibaba Group Holding Limited $BABA

Key Points

• B. Metzler seel. Sohn & Co. AG has acquired 10,571 shares of Alibaba Group Holding Limited, valued at approximately $1.4 million, as listed in their recent 13F filing.
• Several institutional investors, including Goldman Sachs and Price T Rowe Associates, have significantly increased their stakes in Alibaba Group in the first quarter of the year.
• Alibaba's stock has a market cap of $322.22 billion and analysts currently have a consensus rating of "Moderate Buy" with a price target of $159.67.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,571 shares of the specialty retailer's stock, valued at approximately $1,398,000.

Other large investors have also recently added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. bought a new position in Alibaba Group during the first quarter worth $26,000. Summit Securities Group LLC lifted its stake in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 59,000 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC bought a new position in Alibaba Group during the first quarter worth $31,000. Finally, Inlight Wealth Management LLC bought a new stake in Alibaba Group in the first quarter valued at $31,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

Shares of NYSE BABA traded up $2.45 during midday trading on Tuesday, reaching $137.45. 31,736,355 shares of the company traded hands, compared to its average volume of 21,228,164. Alibaba Group Holding Limited has a 52 week low of $80.06 and a 52 week high of $148.43. The stock has a 50-day moving average price of $117.95 and a 200 day moving average price of $121.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market cap of $327.72 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.99 and a beta of 0.11.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of recent research reports. Loop Capital set a $176.00 target price on Alibaba Group in a research note on Friday, May 16th. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $160.00 target price on shares of Alibaba Group in a research note on Saturday. Jefferies Financial Group set a $165.00 target price on Alibaba Group and gave the company a "buy" rating in a research note on Friday. Finally, Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research note on Tuesday, June 24th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.62.

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.