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

Key Points

• Oppenheimer Asset Management increased its stake in Alibaba by 7.4% in Q4 to 73,914 shares, worth about $10.83 million.
• Several other institutions (e.g., Brighton Jones, Bank of Nova Scotia, Daiwa) also added or initiated positions, and institutional investors hold roughly 13.47% of the stock.
• Analysts are broadly positive with an average rating of "Moderate Buy" and a mean price target of $188.75, while BABA trades around $131.52 within a 12‑month range of $103.71–$192.67.

Oppenheimer Asset Management Inc. boosted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,914 shares of the specialty retailer's stock after buying an additional 5,111 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Alibaba Group were worth $10,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Brighton Jones LLC increased its holdings in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after buying an additional 981 shares during the last quarter. AQR Capital Management LLC bought a new stake in Alibaba Group in the first quarter valued at about $254,000. Bank of Nova Scotia increased its holdings in Alibaba Group by 313.0% in the second quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer's stock valued at $2,470,000 after buying an additional 16,505 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Alibaba Group in the second quarter valued at about $1,613,000. Finally, Ieq Capital LLC increased its holdings in Alibaba Group by 51.9% in the second quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer's stock valued at $7,946,000 after buying an additional 23,925 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research reports. Loop Capital set a $140.00 target price on Alibaba Group in a research note on Tuesday, January 6th. Morgan Stanley lowered their price objective on Alibaba Group from $200.00 to $180.00 and set an "overweight" rating for the company in a research note on Thursday, January 8th. Argus raised Alibaba Group to a "hold" rating in a research report on Tuesday, March 24th. Jefferies Financial Group cut their target price on Alibaba Group from $225.00 to $212.00 and set a "buy" rating on the stock in a research note on Thursday, March 19th. Finally, BNP Paribas Exane assumed coverage on Alibaba Group in a research note on Wednesday. They issued an "outperform" rating and a $209.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $188.75.

Alibaba Group Stock Performance

Shares of BABA stock opened at $131.52 on Friday. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The firm has a market capitalization of $314.55 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 2.39 and a beta of 0.50. The business has a 50 day simple moving average of $133.05 and a 200 day simple moving average of $151.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33.

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

About Alibaba Group

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.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.