Alibaba Group Holding Limited $BABA Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 17.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,315 shares of the specialty retailer’s stock after selling 12,263 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Alibaba Group were worth $8,548,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Capital World Investors grew its position in Alibaba Group by 1,074.9% in the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after acquiring an additional 5,524,354 shares in the last quarter. Fisher Asset Management LLC grew its position in Alibaba Group by 0.5% in the 3rd quarter. Fisher Asset Management LLC now owns 5,293,597 shares of the specialty retailer’s stock valued at $946,125,000 after acquiring an additional 26,156 shares in the last quarter. American Century Companies Inc. grew its position in Alibaba Group by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after acquiring an additional 448,484 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Alibaba Group by 8.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,028,659 shares of the specialty retailer’s stock valued at $362,582,000 after acquiring an additional 166,134 shares in the last quarter. Finally, Coatue Management LLC grew its position in Alibaba Group by 130.1% in the 3rd quarter. Coatue Management LLC now owns 1,996,593 shares of the specialty retailer’s stock valued at $356,851,000 after acquiring an additional 1,128,826 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BABA. Erste Group Bank cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Jefferies Financial Group decreased their target price on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Robert W. Baird decreased their target price on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Mizuho decreased their target price on Alibaba Group from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Finally, Loop Capital set a $140.00 target price on Alibaba Group in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $188.75.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $131.52 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.22. Alibaba Group Holding Limited has a twelve month low of $103.71 and a twelve month high of $192.67. The stock has a 50 day moving average of $133.05 and a two-hundred day moving average of $151.35. The stock has a market cap of $314.55 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.39 and a beta of 0.50.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Saturday, February 14th. The specialty retailer reported $0.13 earnings per share for the quarter. Alibaba Group had a return on equity of 7.43% and a net margin of 9.12%.The company had revenue of $40.71 billion during the quarter. On average, research analysts forecast that Alibaba Group Holding Limited will post 4.33 earnings per share for the current year.

Alibaba Group Profile

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.