Flossbach Von Storch SE Cuts Stake in Alibaba Group Holding Limited $BABA

Flossbach Von Storch SE reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,000 shares of the specialty retailer’s stock after selling 14,200 shares during the quarter. Flossbach Von Storch SE’s holdings in Alibaba Group were worth $20,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its stake in shares of Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock worth $728,633,000 after purchasing an additional 1,045,789 shares during the period. American Century Companies Inc. increased its holdings in Alibaba Group by 52.1% during the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after buying an additional 785,494 shares during the last quarter. Verde Servicos Internacionais S.A. raised its position in Alibaba Group by 6.9% in the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after acquiring an additional 4,373 shares during the period. Causeway Capital Management LLC boosted its stake in shares of Alibaba Group by 42.6% during the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after acquiring an additional 404,842 shares during the last quarter. Finally, Independent Advisor Alliance boosted its stake in shares of Alibaba Group by 53.1% during the 1st quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock worth $1,725,000 after acquiring an additional 4,521 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Arete upgraded Alibaba Group from a “neutral” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Wednesday, September 3rd. Susquehanna raised their price objective on Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a research note on Thursday, September 18th. Bank of America boosted their price objective on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Finally, Sanford C. Bernstein raised their target price on shares of Alibaba Group from $167.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Stock Performance

NYSE:BABA opened at $166.06 on Friday. The stock has a 50-day moving average price of $165.47 and a 200 day moving average price of $135.23. The stock has a market capitalization of $396.22 billion, a P/E ratio of 19.31, a P/E/G ratio of 2.40 and a beta of 0.19. Alibaba Group Holding Limited has a 12-month low of $80.06 and a 12-month high of $192.67. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.19.

Alibaba Group Company 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.