DJE Kapital AG Takes $24.29 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

DJE Kapital AG bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 288,144 shares of the specialty retailer’s stock, valued at approximately $24,294,000.

Several other institutional investors have also recently added to or reduced their stakes in BABA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alibaba Group by 3,180.1% in 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 valued at $409,385,000 after acquiring an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. raised its holdings in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after acquiring an additional 3,448,152 shares in the last quarter. FMR LLC raised its holdings in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock valued at $383,260,000 after acquiring an additional 2,959,954 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of Alibaba Group during the third quarter worth $115,995,000. Finally, Bank of Montreal Can acquired a new stake in shares of Alibaba Group during the third quarter worth $63,929,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BABA shares. Robert W. Baird increased their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Citigroup increased their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $100.00 to $180.00 in a report on Monday, February 24th. Finally, Mizuho increased their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Fifteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Performance

Shares of BABA opened at $132.45 on Monday. The firm has a 50-day moving average price of $100.36 and a 200 day moving average price of $94.99. The firm has a market capitalization of $314.70 billion, a PE ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. 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 Holding Limited has a 52-week low of $68.36 and a 52-week high of $145.30.

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

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.