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

Kopernik Global Investors LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 220,556 shares of the specialty retailer’s stock after purchasing an additional 35,493 shares during the period. Alibaba Group accounts for 2.0% of Kopernik Global Investors LLC’s holdings, making the stock its 16th biggest position. Kopernik Global Investors LLC’s holdings in Alibaba Group were worth $18,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sagespring Wealth Partners LLC acquired a new stake in Alibaba Group in the fourth quarter valued at $335,000. Townsquare Capital LLC raised its holdings in shares of Alibaba Group by 0.4% in the 4th quarter. Townsquare Capital LLC now owns 70,000 shares of the specialty retailer’s stock valued at $5,935,000 after purchasing an additional 266 shares during the period. Fortis Capital Advisors LLC acquired a new stake in Alibaba Group in the 4th quarter valued at about $607,000. Rockefeller Capital Management L.P. increased its position in Alibaba Group by 6.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 149,957 shares of the specialty retailer’s stock worth $12,715,000 after buying an additional 8,601 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its stake in Alibaba Group by 6.5% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 2,795 shares of the specialty retailer’s stock valued at $237,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of Alibaba Group stock opened at $107.89 on Friday. The firm has a market capitalization of $256.26 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $148.43. The business’s 50-day moving average price is $126.59 and its 200-day moving average price is $104.64.

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

Analysts Set New Price Targets

Several brokerages have recently commented on BABA. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Barclays lifted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Citigroup decreased their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alibaba Group currently has an average rating of “Buy” and a consensus target price of $150.36.

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.