Alibaba Group Holding Limited $BABA Stock Holdings Boosted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,914 shares of the specialty retailer’s stock after purchasing an additional 5,111 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Alibaba Group were worth $10,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors boosted its stake in Alibaba Group by 1,074.9% during 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 purchasing an additional 5,524,354 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Alibaba Group by 0.5% during 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 purchasing an additional 26,156 shares in the last quarter. American Century Companies Inc. boosted its stake in Alibaba Group by 17.7% during 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 purchasing an additional 448,484 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alibaba Group by 8.9% during 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 during the last quarter. Finally, Coatue Management LLC lifted its position in shares of Alibaba Group by 130.1% during 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 during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

BABA opened at $131.52 on Friday. The stock has a fifty day moving average of $133.05 and a 200-day moving average of $151.35. The firm has a market capitalization of $314.55 billion, a P/E ratio of 24.81, a PEG ratio of 2.39 and a beta of 0.50. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

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

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on Alibaba Group from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. DZ Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research report on Friday, March 20th. JPMorgan Chase & Co. cut their price objective on Alibaba Group from $215.00 to $205.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. Finally, Jefferies Financial Group cut their price objective on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $188.75.

Alibaba Group Company 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.