Silver Oak Securities Incorporated Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Silver Oak Securities Incorporated acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,146 shares of the specialty retailer’s stock, valued at approximately $265,000.

A number of other institutional investors have also recently bought and sold shares of BABA. AMF Tjanstepension AB lifted its holdings in shares of Alibaba Group by 6.9% during the 3rd quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock valued at $296,062,000 after purchasing an additional 178,999 shares in the last quarter. UMB Bank n.a. raised its holdings in Alibaba Group by 361.0% during the 3rd quarter. UMB Bank n.a. now owns 4,172 shares of the specialty retailer’s stock worth $443,000 after buying an additional 3,267 shares during the period. Clarius Group LLC bought a new position in Alibaba Group in the third quarter valued at approximately $248,000. Octavia Wealth Advisors LLC acquired a new position in shares of Alibaba Group in the third quarter valued at approximately $234,000. Finally, Perfromance Wealth Partners LLC bought a new stake in shares of Alibaba Group during the third quarter worth $220,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. 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. Barclays reduced their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, November 19th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Finally, Mizuho boosted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.86.

Alibaba Group Trading Up 3.3 %

Shares of NYSE:BABA opened at $103.71 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 company has a market capitalization of $246.69 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 0.42 and a beta of 0.31. The company has a 50-day simple moving average of $88.04 and a 200 day simple moving average of $89.69.

Alibaba Group (NYSE:BABA) last issued its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the previous year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side 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.