Tandem Capital Management Corp ADV Sells 86 Shares of Alibaba Group Holding Limited $BABA

Tandem Capital Management Corp ADV decreased its position in Alibaba Group Holding Limited (NYSE:BABA) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,064 shares of the specialty retailer’s stock after selling 86 shares during the quarter. Alibaba Group accounts for approximately 1.5% of Tandem Capital Management Corp ADV’s holdings, making the stock its 22nd biggest holding. Tandem Capital Management Corp ADV’s holdings in Alibaba Group were worth $2,956,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Fluent Financial LLC grew its holdings in shares of Alibaba Group by 99.2% in the 2nd quarter. Fluent Financial LLC now owns 18,315 shares of the specialty retailer’s stock worth $2,077,000 after purchasing an additional 9,122 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of Alibaba Group in the 2nd quarter worth about $201,000. Castle Rock Wealth Management LLC bought a new stake in shares of Alibaba Group in the 2nd quarter worth about $270,000. Winthrop Advisory Group LLC grew its holdings in shares of Alibaba Group by 49.1% in the 2nd quarter. Winthrop Advisory Group LLC now owns 3,445 shares of the specialty retailer’s stock worth $398,000 after purchasing an additional 1,134 shares during the last quarter. Finally, Triasima Portfolio Management inc. grew its holdings in shares of Alibaba Group by 22.9% in the 2nd quarter. Triasima Portfolio Management inc. now owns 25,450 shares of the specialty retailer’s stock worth $2,886,000 after purchasing an additional 4,740 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of BABA stock opened at $181.15 on Thursday. The stock has a market cap of $431.88 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.14 and a beta of 0.18. Alibaba Group Holding Limited has a one year low of $80.06 and a one year high of $192.67. The stock has a 50-day moving average of $144.47 and a 200-day moving average of $127.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BABA. Susquehanna upped their target price on shares of Alibaba Group from $175.00 to $190.00 and gave the stock a “positive” rating in a report on Thursday, September 18th. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Citigroup reiterated a “buy” rating on shares of Alibaba Group in a research report on Wednesday, September 24th. Sanford C. Bernstein reiterated an “outperform” rating and set a $160.00 price target on shares of Alibaba Group in a research report on Saturday, August 30th. Finally, Bank of America upped their price target on shares of Alibaba Group from $168.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $184.19.

Alibaba Group Company Profile

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.