Tamar Securities LLC Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Tamar Securities LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,795 shares of the specialty retailer's stock after buying an additional 6,279 shares during the period. Alibaba Group accounts for 1.8% of Tamar Securities LLC's portfolio, making the stock its 26th biggest holding. Tamar Securities LLC's holdings in Alibaba Group were worth $12,701,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Concord Wealth Partners grew its stake in Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 155 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group in the second quarter worth about $27,000. Highline Wealth Partners LLC purchased a new position in Alibaba Group during the 3rd quarter valued at approximately $36,000. Decker Retirement Planning Inc. bought a new stake in Alibaba Group in the 4th quarter worth approximately $31,000. Finally, Assetmark Inc. raised its holdings in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 275 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Citigroup increased their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Bank of America raised their price objective on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Mizuho boosted their target price on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, Benchmark reaffirmed a "buy" rating and set 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $115.13.

Alibaba Group Trading Up 6.7 %

BABA traded up $6.00 during trading on Tuesday, hitting $95.99. 30,935,663 shares of the stock were exchanged, compared to its average volume of 14,400,387. Alibaba Group Holding Limited has a 1 year low of $68.36 and a 1 year high of $117.82. The firm has a market cap of $228.63 billion, a price-to-earnings ratio of 19.47, a P/E/G ratio of 0.37 and a beta of 0.30. The firm has a 50 day simple moving average of $85.55 and a 200 day simple moving average of $88.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts expect 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.