Commerzbank Aktiengesellschaft FI Acquires New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Commerzbank Aktiengesellschaft FI bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, HoldingsChannel reports. The fund bought 2,815 shares of the specialty retailer’s stock, valued at approximately $299,000.

A number of other institutional investors have also made changes to their positions in the stock. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the 2nd quarter worth about $25,000. GPS Wealth Strategies Group LLC increased its stake in Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Alibaba Group during the second quarter worth about $27,000. Register Financial Advisors LLC purchased a new position in shares of Alibaba Group in the first quarter valued at approximately $31,000. Finally, Asset Dedication LLC grew its holdings in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 400 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA stock opened at $96.35 on Friday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $117.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $244.49 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 0.55 and a beta of 0.35. The stock’s 50-day moving average is $93.46 and its two-hundred day moving average is $82.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.47 earnings per share. Analysts predict that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

BABA has been the subject of several recent research reports. Bank of America raised their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays lifted their target price on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their price target on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Sanford C. Bernstein boosted their price objective on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research report on Friday, August 16th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

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.