OLD National Bancorp IN Acquires New Shares in Alibaba Group Holding Limited (NYSE:BABA)

OLD National Bancorp IN acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,653 shares of the specialty retailer’s stock, valued at approximately $225,000.

A number of other large investors have also made changes to their positions in the company. Sanders Capital LLC increased its position in shares of Alibaba Group by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock valued at $1,959,021,000 after buying an additional 60,667 shares in the last quarter. Hhlr Advisors LTD. increased its position in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock valued at $936,785,000 after buying an additional 3,448,152 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Alibaba Group by 1,392.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer’s stock valued at $650,043,000 after buying an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after buying an additional 3,740,150 shares in the last quarter. Finally, FMR LLC boosted its stake in Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after purchasing an additional 2,959,954 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 4.0 %

Alibaba Group stock opened at $98.65 on Monday. Alibaba Group Holding Limited has a 52 week low of $68.36 and a 52 week high of $117.82. 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 stock has a market capitalization of $234.66 billion, a P/E ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30. The stock has a 50-day simple moving average of $86.58 and a 200 day simple moving average of $88.83.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter last year, the company posted $1.82 earnings per share. Alibaba Group’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. Mizuho upped 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. Barclays reduced their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Robert W. Baird upped their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Finally, Bank of America upped their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $115.13.

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.