Tucker Asset Management LLC Has $243,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Tucker Asset Management LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1,112.7% during the fourth 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 acquiring 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.

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

Analyst Ratings Changes

Several research analysts have commented on the company. Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Bank of America upped their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Robert W. Baird raised their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $148.14.

Alibaba Group Trading Down 2.3 %

NYSE BABA opened at $132.49 on Friday. The business’s fifty day moving average is $121.60 and its 200-day moving average is $102.45. 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 stock 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. 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 released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $38.19 billion. Equities research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

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.