OLD National Bancorp IN Makes New $225,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

OLD National Bancorp IN purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,653 shares of the specialty retailer’s stock, valued at approximately $225,000.

A number of other large investors also recently modified their holdings of BABA. Sanctuary Advisors LLC acquired a new position in shares of Alibaba Group during the second quarter worth approximately $3,451,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Alibaba Group during the second quarter worth approximately $38,000. AMF Tjanstepension AB lifted its holdings in shares of Alibaba Group by 6.9% during the third quarter. AMF Tjanstepension AB now owns 2,789,883 shares of the specialty retailer’s stock worth $296,062,000 after buying an additional 178,999 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Alibaba Group by 186.9% during the third quarter. Park Avenue Securities LLC now owns 14,068 shares of the specialty retailer’s stock worth $1,493,000 after buying an additional 9,165 shares during the last quarter. Finally, Chemistry Wealth Management LLC lifted its holdings in shares of Alibaba Group by 3.0% during the third quarter. Chemistry Wealth Management LLC now owns 15,136 shares of the specialty retailer’s stock worth $1,606,000 after buying an additional 438 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 4.0 %

Shares of BABA opened at $98.65 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50 day simple moving average is $86.58 and its 200-day simple moving average is $88.83. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $117.82. The company has a market capitalization of $234.66 billion, a P/E ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analysts’ expectations of $239.45 billion. During the same quarter in the previous year, the company posted $1.82 EPS. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho upped their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. StockNews.com lowered Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Citigroup upped their target price on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Bank of America upped their target price on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

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.