Tamar Securities LLC Has $12.70 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Tamar Securities LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,795 shares of the specialty retailer’s stock after purchasing an additional 6,279 shares during the period. Alibaba Group accounts for 1.8% of Tamar Securities LLC’s holdings, 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Alibaba Group in the 2nd quarter valued at $38,000. Mackenzie Financial Corp raised its stake in Alibaba Group by 4.8% in the 2nd quarter. Mackenzie Financial Corp now owns 90,976 shares of the specialty retailer’s stock valued at $6,550,000 after acquiring an additional 4,170 shares during the period. Magnolia Capital Advisors LLC acquired a new position in Alibaba Group in the 2nd quarter valued at $1,357,000. NewEdge Advisors LLC grew its holdings in Alibaba Group by 12.8% in the 2nd quarter. NewEdge Advisors LLC now owns 52,363 shares of the specialty retailer’s stock valued at $3,770,000 after buying an additional 5,924 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Alibaba Group by 6.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 13,464 shares of the specialty retailer’s stock valued at $969,000 after buying an additional 767 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE:BABA opened at $89.98 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $214.32 billion, a PE 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 twelve month low of $68.36 and a twelve month high of $117.82. The stock’s 50-day simple moving average is $85.54 and its 200 day simple moving average is $88.27.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on BABA shares. Citigroup upped their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Friday, January 10th. Mizuho upped their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Bank of America upped their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.