Alibaba Group Holding Ltd (NYSE:BABA) Shares Bought by DekaBank Deutsche Girozentrale

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DekaBank Deutsche Girozentrale lifted its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 191.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 977,559 shares of the specialty retailer’s stock after purchasing an additional 642,628 shares during the period. Alibaba Group comprises 1.2% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 11th biggest holding. DekaBank Deutsche Girozentrale’s holdings in Alibaba Group were worth $241,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BABA. Farmers National Bank acquired a new stake in Alibaba Group in the first quarter valued at approximately $25,000. Manchester Capital Management LLC lifted its stake in Alibaba Group by 171.4% in the first quarter. Manchester Capital Management LLC now owns 152 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 96 shares during the last quarter. Lee Financial Co lifted its stake in Alibaba Group by 194.6% in the second quarter. Lee Financial Co now owns 165 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Alibaba Group in the first quarter valued at approximately $34,000. Finally, Farmers & Merchants Investments Inc. lifted its stake in Alibaba Group by 100.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 200 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. 41.06% of the stock is currently owned by institutional investors.

BABA has been the subject of a number of analyst reports. Macquarie set a $226.00 target price on shares of Alibaba Group and gave the company a “buy” rating in a research note on Wednesday, June 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research note on Friday, May 24th. KeyCorp reissued an “overweight” rating and issued a $240.00 price target (up previously from $210.00) on shares of Alibaba Group in a research report on Tuesday, May 7th. Benchmark reissued a “buy” rating and issued a $220.00 price target (up previously from $205.00) on shares of Alibaba Group in a research report on Thursday, May 16th. Finally, Mizuho lifted their price target on shares of Alibaba Group from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. One analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $218.48.

Shares of Alibaba Group stock opened at $164.03 on Wednesday. The company has a market cap of $404.86 billion, a price-to-earnings ratio of 45.69, a PEG ratio of 1.43 and a beta of 2.30. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a fifty day simple moving average of $169.58. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $195.72.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. The firm had revenue of $93.50 billion for the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a net margin of 23.17% and a return on equity of 12.72%. The business’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.73 EPS. As a group, sell-side analysts forecast that Alibaba Group Holding Ltd will post 5.04 EPS for the current year.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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