Alibaba Group Holding Limited $BABA Holdings Trimmed by Tamar Securities LLC

Tamar Securities LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 225,995 shares of the specialty retailer’s stock after selling 5,341 shares during the quarter. Alibaba Group makes up approximately 2.2% of Tamar Securities LLC’s holdings, making the stock its 17th biggest holding. Tamar Securities LLC’s holdings in Alibaba Group were worth $24,304,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Accredited Investors Inc. lifted its stake in Alibaba Group by 2.9% in the 1st quarter. Accredited Investors Inc. now owns 2,858 shares of the specialty retailer’s stock valued at $359,000 after acquiring an additional 80 shares in the last quarter. Angeles Wealth Management LLC boosted its stake in shares of Alibaba Group by 0.3% during the 2nd quarter. Angeles Wealth Management LLC now owns 30,421 shares of the specialty retailer’s stock worth $2,952,000 after acquiring an additional 100 shares during the period. Hardin Capital Partners LLC grew its position in shares of Alibaba Group by 1.5% in the second quarter. Hardin Capital Partners LLC now owns 6,945 shares of the specialty retailer’s stock valued at $670,000 after purchasing an additional 104 shares during the last quarter. Magnus Financial Group LLC increased its position in Alibaba Group by 1.0% during the 3rd quarter. Magnus Financial Group LLC now owns 10,851 shares of the specialty retailer’s stock worth $1,167,000 after buying an additional 105 shares during the period. Finally, Wealth Alliance LLC raised its stake in Alibaba Group by 1.3% in the 1st quarter. Wealth Alliance LLC now owns 8,510 shares of the specialty retailer’s stock worth $1,068,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the subject of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $165.00 target price on shares of Alibaba Group in a research report on Monday, September 7th. Barclays raised their price target on shares of Alibaba Group from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Robert W. Baird dropped their target price on shares of Alibaba Group from $164.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. JPMorgan Chase & Co. dropped their price target on Alibaba Group from $210.00 to $200.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Susquehanna raised their price target on Alibaba Group from $185.00 to $190.00 and gave the stock a “positive” rating in a research report on Friday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.89.

Alibaba Group Stock Up 1.1%

Alibaba Group stock traded up $1.17 during trading hours on Friday, hitting $109.24. 9,546,798 shares of the stock traded hands, compared to its average volume of 8,576,816. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $108.28 and its two-hundred day moving average price is $125.04. The company has a market cap of $271.76 billion, a PE ratio of 26.45, a PEG ratio of 1.32 and a beta of 0.44. Alibaba Group Holding Limited has a one year low of $91.99 and a one year high of $181.10.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Friday, August 14th. The specialty retailer reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.68). Alibaba Group had a net margin of 7.00% and a return on equity of 4.79%. The business had revenue of $39.64 billion for the quarter, compared to analysts’ expectations of $39.52 billion. During the same period last year, the business earned $14.75 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Alibaba Group Holding Limited will post 5.76 EPS for the current year.

Insider Transactions at Alibaba Group

In related news, CFO Hong Xu sold 103,046 shares of Alibaba Group stock in a transaction on Friday, September 25th. The stock was sold at an average price of $13.68, for a total transaction of $1,409,669.28. Following the transaction, the chief financial officer directly owned 406,450 shares in the company, valued at approximately $5,560,236. The trade was a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Fang Jiang sold 885,272 shares of Alibaba Group stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $13.55, for a total transaction of $11,995,435.60. Following the transaction, the insider owned 4,679,097 shares in the company, valued at approximately $63,401,764.35. This trade represents a 15.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 999,971 shares of company stock worth $13,563,304 over the last three months. 12.50% of the stock is currently owned by insiders.

About Alibaba Group

Alibaba Group Holding Limited is a technology and commerce company founded in 1999 and headquartered in Hangzhou, China. It operates digital platforms that connect consumers, merchants, businesses and other participants in commerce.

Its businesses include China-focused marketplaces such as Taobao and Tmall, international platforms including AliExpress and Alibaba.com, and Alibaba Cloud, which provides cloud computing and related technology services. The group also has operations in areas such as logistics, local services and digital media.

Alibaba serves customers and businesses in China and across international markets.