Oppenheimer & Co. Inc. Has $6.41 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Oppenheimer & Co. Inc. decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

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

Alibaba Group Price Performance

BABA stock opened at $136.63 on Friday. The company has a market cap of $324.61 billion, a P/E ratio of 19.74, a PEG ratio of 0.61 and a beta of 0.31. 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 50-day moving average of $99.35 and a 200 day moving average of $94.43. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $145.30.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS 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 company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on BABA shares. Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup upped their price objective on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $104.00 to $165.00 in a research report on Tuesday. Finally, Robert W. Baird raised their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Fifteen analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alibaba Group presently has an average rating of “Buy” and an average price target of $144.07.

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.