Tejara Capital Ltd Acquires Shares of 11,800 Alibaba Group Holding Limited (NYSE:BABA)

Tejara Capital Ltd acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,800 shares of the specialty retailer’s stock, valued at approximately $1,001,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC bought a new stake in Alibaba Group in the 4th quarter valued at $32,000. Assetmark Inc. lifted its position in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. Kieckhefer Group LLC bought a new stake in Alibaba Group in the 4th quarter valued at $55,000. Finally, Vision Financial Markets LLC bought a new stake in Alibaba Group in the 4th quarter valued at $55,000. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BABA has been the topic of several research reports. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $100.00 to $180.00 in a research report on Monday, February 24th. Bank of America boosted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Benchmark lifted their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Citigroup lifted their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has an average rating of “Buy” and an average target price of $144.07.

Alibaba Group Stock Up 4.6 %

Alibaba Group stock opened at $147.56 on Tuesday. The firm has a market capitalization of $350.60 billion, a PE ratio of 21.32, a P/E/G ratio of 0.61 and a beta of 0.28. The company’s 50-day moving average is $111.98 and its 200-day moving average is $99.32. Alibaba Group Holding Limited has a fifty-two week low of $68.36 and a fifty-two week high of $148.75. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share 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.