Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,100 shares of the specialty retailer’s stock after selling 1,143 shares during the period. Flossbach Von Storch SE’s holdings in Alibaba Group were worth $21,121,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sanders Capital LLC raised its holdings in Alibaba Group by 0.3% during the third quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after purchasing an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. raised its holdings in Alibaba Group by 64.1% during the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after purchasing an additional 3,448,152 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Alibaba Group by 1,392.6% during the third quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock worth $650,043,000 after purchasing an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alibaba Group by 3,180.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock worth $409,385,000 after purchasing an additional 3,740,150 shares in the last quarter. Finally, FMR LLC raised its holdings in Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 1.0 %

Shares of NYSE BABA opened at $125.57 on Thursday. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $129.02. The firm’s 50 day moving average price is $93.37 and its 200 day moving average price is $92.11. The firm has a market cap of $298.36 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Friday, November 15th. Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays dropped their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.93.

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.