DekaBank Deutsche Girozentrale Has $64.14 Million Position in Alibaba Group Holding Limited (BABA)

DekaBank Deutsche Girozentrale boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 236,511 shares of the specialty retailer’s stock after buying an additional 4,903 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Alibaba Group Holding Limited were worth $64,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sheets Smith Wealth Management bought a new stake in Alibaba Group Holding Limited during the first quarter valued at about $415,000. Pennsylvania Trust Co bought a new stake in Alibaba Group Holding Limited during the first quarter valued at about $280,000. Bank of Montreal Can boosted its stake in Alibaba Group Holding Limited by 45.1% in the first quarter. Bank of Montreal Can now owns 561,404 shares of the specialty retailer’s stock valued at $60,536,000 after buying an additional 174,597 shares in the last quarter. Private Trust Co. NA bought a new stake in Alibaba Group Holding Limited during the first quarter valued at about $253,000. Finally, Prospera Financial Services Inc bought a new stake in Alibaba Group Holding Limited during the first quarter valued at about $363,000. Institutional investors and hedge funds own 36.75% of the company’s stock.

Alibaba Group Holding Limited (NYSE BABA) opened at 151.77 on Friday. The company has a market cap of $383.98 billion, a price-to-earnings ratio of 60.06 and a beta of 2.64. The stock’s 50 day moving average is $149.54 and its 200 day moving average is $122.11. Alibaba Group Holding Limited has a 52-week low of $86.01 and a 52-week high of $160.39.

Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.01. The business had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.26 billion. Alibaba Group Holding Limited had a net margin of 27.51% and a return on equity of 15.40%. During the same period in the prior year, the firm earned $0.47 earnings per share. Equities research analysts forecast that Alibaba Group Holding Limited will post $4.64 earnings per share for the current year.

Alibaba Group Holding Limited announced that its Board of Directors has approved a share buyback program on Thursday, May 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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BABA has been the topic of several recent analyst reports. CIBC upped their price target on shares of Alibaba Group Holding Limited from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, May 23rd. J P Morgan Chase & Co initiated coverage on shares of Alibaba Group Holding Limited in a report on Tuesday, June 27th. They issued an “overweight” rating and a $190.00 price target on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $140.00 price target (up from $130.00) on shares of Alibaba Group Holding Limited in a report on Monday, May 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $135.00 price target (up from $116.00) on shares of Alibaba Group Holding Limited in a report on Friday, May 19th. Finally, Needham & Company LLC upped their price target on shares of Alibaba Group Holding Limited from $135.00 to $140.00 and gave the company a “buy” rating in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $142.21.

About Alibaba Group Holding Limited

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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Institutional Ownership by Quarter for Alibaba Group Holding Limited (NYSE:BABA)

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