Kopernik Global Investors LLC Has $18.70 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Kopernik Global Investors LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 19.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 220,556 shares of the specialty retailer's stock after acquiring an additional 35,493 shares during the quarter. Alibaba Group accounts for 2.0% of Kopernik Global Investors LLC's holdings, making the stock its 16th biggest position. Kopernik Global Investors LLC's holdings in Alibaba Group were worth $18,701,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Lindbrook Capital LLC grew its position in shares of Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after buying an additional 101 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after acquiring an additional 108 shares during the period. TBH Global Asset Management LLC raised its position in Alibaba Group by 2.4% in the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock valued at $407,000 after purchasing an additional 112 shares during the last quarter. Xponance Inc. boosted its stake in Alibaba Group by 4.5% during the 4th quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock worth $230,000 after purchasing an additional 116 shares during the period. Finally, TRUE Private Wealth Advisors increased its stake in Alibaba Group by 3.7% in the fourth quarter. TRUE Private Wealth Advisors now owns 3,239 shares of the specialty retailer's stock valued at $275,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have recently weighed in on BABA shares. Citigroup lowered their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Benchmark increased their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Robert W. Baird raised their target price on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, Morgan Stanley raised shares of 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 note on Monday, February 24th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $150.36.

Alibaba Group Stock Down 1.5 %

Alibaba Group stock traded down $1.66 during trading hours on Tuesday, hitting $112.31. The company had a trading volume of 15,586,952 shares, compared to its average volume of 20,585,270. The firm's fifty day moving average is $126.89 and its 200-day moving average is $104.69. The firm has a market capitalization of $266.77 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, research analysts forecast 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.