Oaktree Capital Management LP raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 682,345 shares of the specialty retailer’s stock after acquiring an additional 35,066 shares during the period. Alibaba Group makes up 1.8% of Oaktree Capital Management LP’s portfolio, making the stock its 9th biggest position. Oaktree Capital Management LP’s holdings in Alibaba Group were worth $117,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the second quarter valued at $102,000. First Eagle Investment Management LLC purchased a new stake in shares of Alibaba Group during the third quarter valued at $104,000. Winch Advisory Services LLC boosted its position in shares of Alibaba Group by 147.4% during the second quarter. Winch Advisory Services LLC now owns 809 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 482 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Alibaba Group in the second quarter worth about $116,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Alibaba Group by 29.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 890 shares of the specialty retailer’s stock worth $125,000 after purchasing an additional 200 shares during the last quarter. 38.13% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on BABA shares. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Thursday, August 17th. Vetr cut Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $175.06 target price on the stock. in a research report on Wednesday, August 16th. SunTrust Banks started coverage on Alibaba Group in a research report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $160.00 target price on shares of Alibaba Group in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus raised their target price on Alibaba Group from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. Alibaba Group currently has a consensus rating of “Buy” and an average price target of $185.14.

Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at $174.47 on Friday. The stock has a market capitalization of $442,132.03, a P/E ratio of 50.18, a P/E/G ratio of 1.30 and a beta of 2.52. Alibaba Group Holding Limited has a 12 month low of $86.01 and a 12 month high of $191.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.71 and a current ratio of 1.71.

TRADEMARK VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/12/08/alibaba-group-holding-limited-baba-is-oaktree-capital-management-lps-9th-largest-position.html.

About Alibaba Group

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA).

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

Receive News & Stock Ratings for Alibaba Group Holding Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group Holding Limited and related stocks with our FREE daily email newsletter.