Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,130 shares of the specialty retailer’s stock after purchasing an additional 350 shares during the period. Alibaba Group makes up approximately 1.0% of Oaktree Fund Advisors LLC’s holdings, making the stock its 17th largest holding. Oaktree Fund Advisors LLC’s holdings in Alibaba Group were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. purchased a new stake in Alibaba Group during the second quarter worth approximately $25,000. GPS Wealth Strategies Group LLC boosted its position in Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the period. Register Financial Advisors LLC purchased a new position in Alibaba Group in the first quarter valued at about $31,000. Asset Dedication LLC lifted its stake in shares of Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 400 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Alibaba Group in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

BABA stock opened at $88.31 on Friday. The firm has a market cap of $224.09 billion, a P/E ratio of 20.59, a P/E/G ratio of 0.43 and a beta of 0.33. The stock’s 50 day simple moving average is $80.79 and its 200 day simple moving average is $77.59. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $90.46.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The company had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same period in the prior year, the company earned $2.47 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

BABA has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Susquehanna reduced their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a report on Friday, July 26th. Robert W. Baird boosted their price objective on shares of Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Sanford C. Bernstein raised their target price on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $107.61.

About Alibaba Group

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.