Alibaba Group Holding Limited $BABA Stake Lifted by Tamar Securities LLC

Tamar Securities LLC increased its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,011 shares of the specialty retailer’s stock after buying an additional 5,448 shares during the quarter. Alibaba Group comprises approximately 2.5% of Tamar Securities LLC’s holdings, making the stock its 18th largest position. Tamar Securities LLC’s holdings in Alibaba Group were worth $23,601,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors boosted its position in Alibaba Group by 7.7% during the 4th quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock worth $953,527,000 after acquiring an additional 466,847 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Alibaba Group by 7,680.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after acquiring an additional 5,936,847 shares during the period. Fisher Asset Management LLC boosted its position in Alibaba Group by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock worth $782,135,000 after acquiring an additional 42,297 shares during the period. Norges Bank acquired a new position in Alibaba Group during the 4th quarter worth $594,477,000. Finally, American Century Companies Inc. boosted its position in Alibaba Group by 17.7% during the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock worth $533,964,000 after acquiring an additional 448,484 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BABA shares. HSBC boosted their price target on Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Argus upgraded Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Susquehanna boosted their price target on Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $188.76.

View Our Latest Stock Analysis on BABA

Alibaba Group Trading Down 0.1%

Shares of NYSE BABA opened at $112.71 on Monday. Alibaba Group Holding Limited has a 12 month low of $103.71 and a 12 month high of $192.67. The company has a market cap of $270.39 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.94 and a beta of 0.48. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $130.07 and a 200-day simple moving average of $143.81.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The business had revenue of $35.30 billion during the quarter. Sell-side analysts predict that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. This represents a dividend yield of 93.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio is currently 16.91%.

Key Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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