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

Tucker Asset Management LLC raised its position in Alibaba Group Holding Limited (NYSE:BABA) by 1,112.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,862 shares of the specialty retailer’s stock after purchasing an additional 2,626 shares during the period. Tucker Asset Management LLC’s holdings in Alibaba Group were worth $243,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at about $32,000. Kieckhefer Group LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at about $55,000. Vision Financial Markets LLC bought a new stake in Alibaba Group in the 4th quarter worth approximately $55,000. Finally, Golden State Wealth Management LLC purchased a new stake in Alibaba Group in the fourth quarter worth approximately $60,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 2.3 %

Shares of BABA stock opened at $132.49 on Friday. The company has a market capitalization of $314.80 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.61 and a beta of 0.28. 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’s fifty day moving average price is $121.60 and its 200-day moving average price is $102.45. Alibaba Group Holding Limited has a one year low of $68.36 and a one year high of $148.43.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share 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 for the quarter, compared to analysts’ expectations of $38.19 billion. Sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BABA. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Robert W. Baird boosted their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Benchmark boosted their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and an average 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.