O Keefe Stevens Advisory Inc. Buys 12,761 Shares of Alibaba Group Holding Limited (NYSE:BABA)

O Keefe Stevens Advisory Inc. lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,679 shares of the specialty retailer's stock after buying an additional 12,761 shares during the period. Alibaba Group comprises 2.0% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its 19th largest position. O Keefe Stevens Advisory Inc.'s holdings in Alibaba Group were worth $6,502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Generate Investment Management Ltd acquired a new stake in Alibaba Group in the third quarter valued at $12,656,000. Nations Financial Group Inc. IA ADV lifted its stake in Alibaba Group by 63.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock valued at $3,047,000 after purchasing an additional 11,192 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock worth $87,327,000 after purchasing an additional 50,000 shares during the period. Massachusetts Financial Services Co. MA increased its position in Alibaba Group by 7,734.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock worth $28,632,000 after buying an additional 266,361 shares during the last quarter. Finally, Aspex Management HK Ltd bought a new stake in Alibaba Group in the third quarter valued at approximately $115,995,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $2.73 during mid-day trading on Friday, reaching $85.16. The company had a trading volume of 21,072,995 shares, compared to its average volume of 10,289,486. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $117.82. The business's 50-day simple moving average is $86.06 and its 200 day simple moving average is $87.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $202.93 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.40 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. On average, research analysts predict that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BABA has been the subject of several research analyst reports. StockNews.com downgraded Alibaba Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 14th. Barclays decreased their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, November 19th. Mizuho raised their target price on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Macquarie upgraded shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective for the company in a research report on Monday, October 7th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $115.13.

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.