Oakworth Capital Inc. Decreases Holdings in Alibaba Group Holding Ltd (BABA)

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Oakworth Capital Inc. reduced its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 31.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 601 shares of the specialty retailer’s stock after selling 275 shares during the quarter. Oakworth Capital Inc.’s holdings in Alibaba Group were worth $82,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norway Savings Bank lifted its holdings in shares of Alibaba Group by 640.0% in the fourth quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Alibaba Group by 80.4% in the fourth quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Baystate Wealth Management LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $31,000. BerganKDV Wealth Management LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $34,000. Finally, Trust Co. of Vermont lifted its holdings in shares of Alibaba Group by 58.9% in the fourth quarter. Trust Co. of Vermont now owns 259 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 96 shares in the last quarter. 39.79% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on BABA shares. Zacks Investment Research upgraded Alibaba Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. SunTrust Banks reiterated a “buy” rating and set a $200.00 price objective (up from $180.00) on shares of Alibaba Group in a report on Thursday, January 31st. Sanford C. Bernstein reiterated a “mkt perform” rating on shares of Alibaba Group in a report on Monday, January 14th. Macquarie set a $220.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, January 8th. Finally, Mizuho reiterated a “buy” rating and set a $200.00 price objective on shares of Alibaba Group in a report on Thursday, December 13th. One research analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $211.07.

Shares of NYSE:BABA opened at $180.36 on Friday. The stock has a market capitalization of $462.62 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 1.76 and a beta of 2.31. Alibaba Group Holding Ltd has a 52-week low of $129.77 and a 52-week high of $211.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $10.83. The company had revenue of $117.28 billion for the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a return on equity of 12.44% and a net margin of 19.87%. The firm’s revenue was up 41.3% compared to the same quarter last year. During the same period last year, the business posted $1.63 earnings per share. On average, sell-side analysts predict that Alibaba Group Holding Ltd will post 3.65 earnings per share for the current year.

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About Alibaba Group

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in 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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