Kopernik Global Investors LLC Acquires 35,493 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Kopernik Global Investors LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.2% in the fourth quarter, HoldingsChannel reports. The firm owned 220,556 shares of the specialty retailer’s stock after buying an additional 35,493 shares during the quarter. Alibaba Group makes up 2.0% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 16th biggest position. Kopernik Global Investors LLC’s holdings in Alibaba Group were worth $18,701,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Foundations Investment Advisors LLC boosted its position in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock valued at $13,180,000 after purchasing an additional 27,088 shares in the last quarter. Berkshire Asset Management LLC PA bought a new stake in shares of Alibaba Group during the 4th quarter valued at $911,000. Exchange Traded Concepts LLC grew its position in shares of Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock worth $6,343,000 after buying an additional 42,446 shares during the period. Bailard Inc. increased its stake in shares of Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock worth $869,000 after acquiring an additional 3,242 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Alibaba Group by 31.3% during the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock valued at $1,566,000 after acquiring an additional 4,397 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Benchmark boosted their price target on Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Buy” and a consensus target price of $150.36.

Alibaba Group Trading Up 3.6 %

Alibaba Group stock opened at $107.89 on Friday. The business has a 50-day simple moving average of $126.59 and a two-hundred day simple moving average of $104.64. Alibaba Group Holding Limited has a 52-week low of $68.36 and a 52-week high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market cap of $256.26 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. Analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

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.