B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 10,428 Alibaba Group Holding Limited (NYSE:BABA)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,428 shares of the specialty retailer’s stock, valued at approximately $1,107,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BABA. First Command Advisory Services Inc. bought a new position in Alibaba Group in the second quarter valued at about $25,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group during the 2nd quarter valued at approximately $27,000. Concord Wealth Partners increased its position in Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new position in Alibaba Group in the 3rd quarter valued at approximately $36,000. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BABA. Sanford C. Bernstein boosted their target price on shares of Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price for the company in a report on Monday, October 7th. Susquehanna cut their price target on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Mizuho boosted 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. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $114.07.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $83.13 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average price is $98.42 and its 200-day moving average price is $85.87. The firm has a market capitalization of $199.05 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.42 and a beta of 0.35. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $117.82.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. Equities research analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current fiscal year.

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.