Flossbach Von Storch AG Sells 11,700 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Flossbach Von Storch AG cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 350,393 shares of the specialty retailer’s stock after selling 11,700 shares during the quarter. Flossbach Von Storch AG’s holdings in Alibaba Group were worth $27,159,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Princeton Global Asset Management LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Alibaba Group in the third quarter valued at $27,000. GPS Wealth Strategies Group LLC increased its stake in shares of Alibaba Group by 116.7% in the third quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Baystate Wealth Management LLC increased its stake in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 216 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the third quarter valued at $30,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Down 1.1 %

Alibaba Group stock traded down $0.80 during trading hours on Wednesday, hitting $68.82. The stock had a trading volume of 12,725,062 shares, compared to its average volume of 18,396,529. The business’s 50 day simple moving average is $73.24 and its 200-day simple moving average is $76.05. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The stock has a market cap of $174.62 billion, a price-to-earnings ratio of 12.70 and a beta of 0.46. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm had revenue of $260.35 billion for the quarter, compared to analyst estimates of $260.26 billion. During the same period in the previous year, the business posted $2.44 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Alibaba Group Holding Limited will post 7.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group lowered their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Susquehanna lowered their price objective on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 8th. Citigroup reduced their target price on Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Mizuho restated a “buy” rating and set a $95.00 target price on shares of Alibaba Group in a report on Wednesday, March 27th. Finally, Robert W. Baird reduced their target price on Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.91.

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.