Oppenheimer & Co. Inc. Reduces Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Oppenheimer & Co. Inc. decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,628 shares of the specialty retailer’s stock after selling 164 shares during the period. Oppenheimer & Co. Inc.’s holdings in Alibaba Group were worth $6,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Kovack Advisors Inc. increased its holdings in Alibaba Group by 73.4% in the 4th quarter. Kovack Advisors Inc. now owns 3,354 shares of the specialty retailer’s stock worth $284,000 after acquiring an additional 1,420 shares in the last quarter. SRN Advisors LLC lifted its holdings in Alibaba Group by 60.0% during the fourth quarter. SRN Advisors LLC now owns 17,000 shares of the specialty retailer’s stock valued at $1,441,000 after purchasing an additional 6,375 shares in the last quarter. Denali Advisors LLC increased its stake in shares of Alibaba Group by 38.2% in the fourth quarter. Denali Advisors LLC now owns 7,167 shares of the specialty retailer’s stock worth $608,000 after purchasing an additional 1,980 shares in the last quarter. Todd Asset Management LLC increased its stake in shares of Alibaba Group by 5.1% in the fourth quarter. Todd Asset Management LLC now owns 309,235 shares of the specialty retailer’s stock worth $26,220,000 after purchasing an additional 14,955 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Alibaba Group by 96.0% during the 4th quarter. Bank of New York Mellon Corp now owns 172,748 shares of the specialty retailer’s stock valued at $14,647,000 after purchasing an additional 84,604 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Finally, Bank of America upped their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alibaba Group has an average rating of “Buy” and an average price target of $144.07.

Alibaba Group Stock Performance

Alibaba Group stock opened at $136.63 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market capitalization of $324.61 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. Alibaba Group Holding Limited has a 1-year low of $68.36 and a 1-year high of $145.30. The company’s 50-day moving average is $99.35 and its 200 day moving average is $94.43.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Research analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

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.