Oppenheimer & Co. Inc. Lowers Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Oppenheimer & Co. Inc. lowered its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 17.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,792 shares of the specialty retailer's stock after selling 16,452 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Alibaba Group were worth $8,043,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BABA. Envestnet Portfolio Solutions Inc. grew its stake in Alibaba Group by 8.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 8,279 shares of the specialty retailer's stock valued at $599,000 after acquiring an additional 632 shares during the period. US Bancorp DE grew its position in Alibaba Group by 12.2% in the 1st quarter. US Bancorp DE now owns 30,414 shares of the specialty retailer's stock valued at $2,201,000 after purchasing an additional 3,305 shares during the period. Blair William & Co. IL increased its stake in Alibaba Group by 1.5% during the 1st quarter. Blair William & Co. IL now owns 87,022 shares of the specialty retailer's stock valued at $6,297,000 after purchasing an additional 1,269 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Alibaba Group by 53.2% during the first quarter. Orion Portfolio Solutions LLC now owns 28,517 shares of the specialty retailer's stock worth $2,063,000 after buying an additional 9,899 shares during the last quarter. Finally, GM Advisory Group LLC bought a new position in shares of Alibaba Group in the first quarter valued at $307,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BABA shares. StockNews.com cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Tuesday. Robert W. Baird upped their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Jefferies Financial Group restated a "buy" rating and set a $116.00 price objective on shares of Alibaba Group in a research note on Friday, July 26th. Morgan Stanley reiterated an "equal weight" rating and issued a $90.00 target price on shares of Alibaba Group in a research note on Friday, August 23rd. Finally, Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a research report on Monday, October 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.53.

Alibaba Group Price Performance

BABA stock traded down $1.46 during mid-day trading on Thursday, reaching $90.54. 16,867,333 shares of the company traded hands, compared to its average volume of 17,633,699. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $117.82. The company has a market capitalization of $216.84 billion, a P/E ratio of 23.77, a P/E/G ratio of 0.41 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The company has a fifty day moving average price of $97.87 and a 200-day moving average price of $85.44.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $14.57. The business had revenue of $243.24 billion for the quarter, compared to analyst estimates of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. Alibaba Group's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.47 EPS. As a group, analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

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.