Alibaba Group Holding Limited $BABA Shares Sold by Tamar Securities LLC

Tamar Securities LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,995 shares of the specialty retailer’s stock after selling 5,341 shares during the quarter. Alibaba Group makes up about 2.2% of Tamar Securities LLC’s portfolio, 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 reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Accredited Investors Inc. lifted its stake in shares of Alibaba Group by 2.9% in the first quarter. Accredited Investors Inc. now owns 2,858 shares of the specialty retailer’s stock worth $359,000 after buying an additional 80 shares in the last quarter. Angeles Wealth Management LLC grew its position in shares of Alibaba Group by 0.3% during the second quarter. Angeles Wealth Management LLC now owns 30,421 shares of the specialty retailer’s stock worth $2,952,000 after buying an additional 100 shares in the last quarter. Hardin Capital Partners LLC raised its position in shares of Alibaba Group by 1.5% during the 2nd quarter. Hardin Capital Partners LLC now owns 6,945 shares of the specialty retailer’s stock worth $670,000 after acquiring an additional 104 shares in the last quarter. Magnus Financial Group LLC lifted its position in Alibaba Group by 1.0% in the third quarter. Magnus Financial Group LLC now owns 10,851 shares of the specialty retailer’s stock valued at $1,167,000 after acquiring an additional 105 shares during the last quarter. Finally, Wealth Alliance LLC boosted its stake in Alibaba Group by 1.3% during 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 during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

NYSE BABA traded up $1.17 during trading on Friday, reaching $109.24. 9,546,798 shares of the company traded hands, compared to its average volume of 8,576,816. Alibaba Group Holding Limited has a 1-year low of $91.99 and a 1-year high of $181.10. The company has a market cap of $271.76 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.32 and a beta of 0.44. The stock’s 50 day moving average price is $108.28 and its two-hundred day moving average price is $125.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.36 and a current ratio of 1.36.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Alibaba Group in a report on Monday, September 7th. Jefferies Financial Group restated a “buy” rating and set a $192.00 price objective on shares of Alibaba Group in a research note on Thursday, October 8th. Barclays lifted their price objective on shares of Alibaba Group from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Benchmark restated a “buy” rating on shares of Alibaba Group in a report on Thursday, August 20th. Finally, Citigroup upped their price target on Alibaba Group from $190.00 to $193.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.89.

Insider Transactions at Alibaba Group

In other news, insider Fang Jiang sold 885,272 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $13.55, for a total value of $11,995,435.60. Following the completion of the transaction, the insider owned 4,679,097 shares of the company’s stock, valued at $63,401,764.35. The trade was a 15.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Hong Xu sold 103,046 shares of Alibaba Group stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $13.68, for a total value of $1,409,669.28. Following the transaction, the chief financial officer owned 406,450 shares in the company, valued at $5,560,236. This trade represents a 20.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 999,971 shares of company stock valued at $13,563,304. Corporate insiders own 12.50% of the company’s stock.

Alibaba Group Profile

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.