Oppenheimer Asset Management Inc. Sells 1,537 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Oppenheimer Asset Management Inc. trimmed its position in Alibaba Group Holding Limited (NYSE:BABA) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,700 shares of the specialty retailer’s stock after selling 1,537 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Alibaba Group were worth $4,044,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mutual Advisors LLC raised its stake in Alibaba Group by 125.3% in the third quarter. Mutual Advisors LLC now owns 12,970 shares of the specialty retailer’s stock worth $1,376,000 after buying an additional 7,214 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Alibaba Group by 3.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after acquiring an additional 143 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Alibaba Group by 4.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 4,878 shares of the specialty retailer’s stock worth $518,000 after acquiring an additional 207 shares in the last quarter. Focus Financial Network Inc. lifted its stake in shares of Alibaba Group by 7.2% during the 3rd quarter. Focus Financial Network Inc. now owns 7,544 shares of the specialty retailer’s stock worth $801,000 after purchasing an additional 507 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its position in Alibaba Group by 6.0% during the third quarter. Gladstone Institutional Advisory LLC now owns 9,308 shares of the specialty retailer’s stock valued at $988,000 after purchasing an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent research reports. Barclays boosted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. 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. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Alibaba Group has a consensus rating of “Buy” and an average price target of $144.07.

Alibaba Group Stock Down 3.0 %

Shares of BABA stock opened at $132.45 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $145.30. The firm has a market capitalization of $314.70 billion, a PE ratio of 19.14, a P/E/G ratio of 0.61 and a beta of 0.31. The stock’s 50-day simple moving average is $100.36 and its 200-day simple moving average is $94.88.

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

Alibaba Group Company 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.