DGS Capital Management LLC Acquires 191 Shares of Alibaba Group Holding Limited (NYSE:BABA)

DGS Capital Management LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,106 shares of the specialty retailer’s stock after purchasing an additional 191 shares during the period. DGS Capital Management LLC’s holdings in Alibaba Group were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Generate Investment Management Ltd bought a new position in shares of Alibaba Group in the third quarter worth approximately $12,656,000. Nations Financial Group Inc. IA ADV grew its position in Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock valued at $3,047,000 after acquiring an additional 11,192 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after purchasing an additional 42,446 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Alibaba Group by 6.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock worth $28,632,000 after purchasing an additional 266,361 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BABA. Bank of America raised their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays decreased their price target on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 19th. Mizuho increased their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two equities research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $115.13.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $89.13 on Friday. The company has a 50 day simple moving average of $85.54 and a two-hundred day simple moving average of $88.09. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $117.82. The company has a market capitalization of $212.29 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 0.37 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts expect that Alibaba Group Holding Limited will post 7.86 EPS 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.