Oak Ridge Investments LLC Has $746,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Oak Ridge Investments LLC decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 6.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,288 shares of the specialty retailer’s stock after selling 227 shares during the quarter. Oak Ridge Investments LLC’s holdings in Alibaba Group were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in BABA. Meeder Asset Management Inc. lifted its stake in Alibaba Group by 62.9% in the 4th quarter. Meeder Asset Management Inc. now owns 114 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 44 shares in the last quarter. Inspire Advisors LLC purchased a new stake in Alibaba Group in the 4th quarter worth about $27,000. Firestone Capital Management lifted its stake in Alibaba Group by 416.7% in the 1st quarter. Firestone Capital Management now owns 124 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Jackson Grant Investment Advisers Inc. purchased a new stake in Alibaba Group in the 4th quarter worth about $35,000. Finally, San Francisco Sentry Investment Group CA lifted its stake in Alibaba Group by 50.0% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 150 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 33.10% of the company’s stock.

Several equities research analysts recently issued reports on BABA shares. Raymond James reduced their price objective on Alibaba Group from $350.00 to $330.00 and set a “strong-buy” rating for the company in a research note on Monday, April 12th. CLSA reduced their price objective on Alibaba Group from $351.00 to $320.00 and set a “buy” rating for the company in a research note on Monday, April 12th. KeyCorp cut their price target on Alibaba Group from $305.00 to $275.00 and set an “overweight” rating for the company in a research note on Friday, May 14th. JPMorgan Chase & Co. initiated coverage on Alibaba Group in a research note on Tuesday, May 11th. They set an “overweight” rating for the company. Finally, Needham & Company LLC initiated coverage on Alibaba Group in a research note on Friday, April 9th. They set a “buy” rating and a $330.00 price target for the company. Two investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $318.57.

BABA opened at $212.79 on Friday. The firm has a market cap of $575.73 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.30 and a beta of 0.81. The firm has a 50 day simple moving average of $223.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.67. Alibaba Group Holding Limited has a 12-month low of $204.39 and a 12-month high of $319.32.

Alibaba Group (NYSE:BABA) last released its earnings results on Wednesday, May 12th. The specialty retailer reported $10.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $8.85. The firm had revenue of $187.40 billion for the quarter, compared to analyst estimates of $180.67 billion. Alibaba Group had a return on equity of 12.95% and a net margin of 20.83%. The company’s revenue was up 63.9% on a year-over-year basis. During the same quarter last year, the firm posted $9.20 EPS. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 9.73 EPS for the current year.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides online and mobile commerce businesses in the People's Republic of China and internationally. It operates through four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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