Oak Asset Management LLC Has $357,000 Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Oak Asset Management LLC lessened its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 30.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,610 shares of the specialty retailer’s stock after selling 2,000 shares during the quarter. Oak Asset Management LLC’s holdings in Alibaba Group were worth $357,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC lifted its holdings in Alibaba Group by 49.1% during the 4th quarter. RPg Family Wealth Advisory LLC now owns 19,449 shares of the specialty retailer’s stock valued at $1,527,000 after purchasing an additional 6,402 shares during the last quarter. Solstein Capital LLC bought a new position in Alibaba Group during the 4th quarter worth $457,000. Lake Hills Wealth Management LLC bought a new position in Alibaba Group during the 4th quarter worth $243,000. Blue Pool Management Ltd. bought a new position in Alibaba Group during the 4th quarter worth $151,726,000. Finally, Osborne Partners Capital Management LLC increased its position in Alibaba Group by 16.9% during the 4th quarter. Osborne Partners Capital Management LLC now owns 82,434 shares of the specialty retailer’s stock worth $6,389,000 after buying an additional 11,908 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.9 %

BABA stock traded up $0.65 during mid-day trading on Thursday, reaching $73.09. The company’s stock had a trading volume of 1,833,724 shares, compared to its average volume of 18,694,980. The company has a market cap of $185.47 billion, a price-to-earnings ratio of 13.37 and a beta of 0.46. The business’s 50 day moving average price is $73.61 and its 200 day moving average price is $77.07. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $103.24.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in 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 on the stock in a research report on Thursday, February 8th. Benchmark decreased their price target on Alibaba Group from $150.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, January 9th. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Susquehanna decreased their price target on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Finally, Barclays decreased their price target on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $115.44.

View Our Latest Stock Analysis on Alibaba Group

Alibaba Group Company Profile

(Free Report)

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.

Further Reading

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

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