Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $25.70 Million Holdings in Alibaba Group Holding Ltd (NYSE:BABA)

Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in Alibaba Group Holding Ltd (NYSE:BABA) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 120,700 shares of the specialty retailer’s stock after purchasing an additional 4,000 shares during the quarter. Alibaba Group makes up about 2.7% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 2nd largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Alibaba Group were worth $25,698,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Alibaba Group by 0.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 102,229 shares of the specialty retailer’s stock valued at $21,682,000 after buying an additional 843 shares during the period. Manchester Financial Inc. increased its stake in shares of Alibaba Group by 0.8% in the 4th quarter. Manchester Financial Inc. now owns 13,734 shares of the specialty retailer’s stock valued at $2,913,000 after buying an additional 114 shares during the period. Lantz Financial LLC increased its stake in shares of Alibaba Group by 5.4% in the 4th quarter. Lantz Financial LLC now owns 1,415 shares of the specialty retailer’s stock valued at $300,000 after buying an additional 72 shares during the period. YorkBridge Wealth Partners LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at $229,000. Finally, 180 Wealth Advisors LLC increased its stake in shares of Alibaba Group by 8.7% in the 4th quarter. 180 Wealth Advisors LLC now owns 3,964 shares of the specialty retailer’s stock valued at $892,000 after buying an additional 318 shares during the period. Hedge funds and other institutional investors own 46.62% of the company’s stock.

NYSE:BABA traded up $3.49 on Friday, reaching $227.43. The company’s stock had a trading volume of 11,748,600 shares, compared to its average volume of 12,968,013. Alibaba Group Holding Ltd has a 1-year low of $147.95 and a 1-year high of $231.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $576.15 billion, a PE ratio of 63.35, a PEG ratio of 1.48 and a beta of 2.25. The business’s 50-day moving average price is $211.06 and its two-hundred day moving average price is $183.24.

Alibaba Group (NYSE:BABA) last posted its earnings results on Friday, November 1st. The specialty retailer reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.30. Alibaba Group had a return on equity of 14.92% and a net margin of 34.02%. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $16.72 billion. As a group, sell-side analysts expect that Alibaba Group Holding Ltd will post 5.91 EPS for the current year.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $235.00 target price (up from $230.00) on shares of Alibaba Group in a research note on Monday, November 4th. Daiwa Capital Markets began coverage on Alibaba Group in a research note on Thursday, January 9th. They set a “buy” rating for the company. TH Capital lifted their price objective on Alibaba Group from to in a research note on Tuesday, January 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $220.00 price objective on shares of Alibaba Group in a research note on Thursday, December 12th. Finally, Vertical Group began coverage on Alibaba Group in a research note on Wednesday, October 23rd. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $226.21.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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

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