Tamar Securities LLC Buys 6,279 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Tamar Securities LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 149,795 shares of the specialty retailer’s stock after acquiring an additional 6,279 shares during the quarter. Alibaba Group makes up approximately 1.8% of Tamar Securities LLC’s investment portfolio, making the stock its 26th biggest position. Tamar Securities LLC’s holdings in Alibaba Group were worth $12,701,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL bought a new stake in Alibaba Group in the second quarter worth approximately $27,000. Concord Wealth Partners increased its holdings in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the fourth quarter worth approximately $31,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group in the third quarter worth approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Alibaba Group in the second quarter worth approximately $38,000. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lowered their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Citigroup raised their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com cut Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.13.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $89.98 on Tuesday. The business’s fifty day simple moving average is $85.54 and its 200 day simple moving average is $88.27. The firm has a market capitalization of $214.32 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30. Alibaba Group Holding Limited has a 12 month low of $68.36 and a 12 month high of $117.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $1.82 earnings per share. As a group, analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Alibaba Group Company Profile

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.