Flossbach Von Storch SE Reduces Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Flossbach Von Storch SE decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 249,100 shares of the specialty retailer’s stock after selling 1,143 shares during the period. Flossbach Von Storch SE’s holdings in Alibaba Group were worth $21,121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concord Wealth Partners increased its position in shares of Alibaba Group by 155.0% in 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 during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at about $32,000. Highline Wealth Partners LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at about $36,000. Finally, Assetmark Inc. boosted its holdings in shares of Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 1.0 %

BABA stock opened at $125.57 on Thursday. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $129.02. The company has a market capitalization of $298.36 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.31. The firm’s 50-day moving average is $93.37 and its two-hundred day moving average is $92.11. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BABA shares. Mizuho lifted their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird lifted their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays decreased their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Finally, Citigroup boosted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $116.93.

Alibaba Group 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.