Tucker Asset Management LLC Increases Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Tucker Asset Management LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 1,112.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,862 shares of the specialty retailer's stock after acquiring an additional 2,626 shares during the period. Tucker Asset Management LLC's holdings in Alibaba Group were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Norges Bank acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $585,479,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock valued at $409,385,000 after acquiring an additional 3,740,150 shares during the period. Hhlr Advisors LTD. boosted its position in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock worth $936,785,000 after purchasing an additional 3,448,152 shares during the period. FMR LLC raised its position in Alibaba Group by 454.2% in the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock valued at $383,260,000 after purchasing an additional 2,959,954 shares during the period. Finally, Appaloosa LP lifted its stake in Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Remove Ads

Alibaba Group Stock Down 0.1 %

Shares of NYSE BABA traded down $0.11 during midday trading on Monday, hitting $132.32. 10,460,609 shares of the company's stock were exchanged, compared to its average volume of 19,425,018. The firm's fifty day simple moving average is $121.60 and its 200-day simple moving average is $102.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market cap of $314.39 billion, a PE ratio of 19.12, a P/E/G ratio of 0.61 and a beta of 0.28. Alibaba Group Holding Limited has a twelve month low of $68.36 and a twelve month high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BABA. JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Citigroup raised their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Benchmark upped their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $148.14.

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.