Tairen Capital Ltd Has $5.51 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Tairen Capital Ltd raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 333.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the specialty retailer’s stock after purchasing an additional 50,000 shares during the period. Alibaba Group accounts for 0.8% of Tairen Capital Ltd’s portfolio, making the stock its 28th largest holding. Tairen Capital Ltd’s holdings in Alibaba Group were worth $5,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the fourth quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group during the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL grew its holdings in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Arete Research raised Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Citigroup reduced their price objective on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Robert W. Baird reduced their target price on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday. JPMorgan Chase & Co. raised their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Benchmark reduced their target price on Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research report on Friday. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $154.21.

Alibaba Group Stock Down 0.4%

Shares of NYSE BABA opened at $123.37 on Friday. The stock has a market cap of $294.59 billion, a PE ratio of 17.83, a PEG ratio of 0.61 and a beta of 0.24. The business has a fifty day moving average of $123.38 and a two-hundred day moving average of $107.27. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Alibaba Group Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group’s dividend payout ratio (DPR) is presently 13.15%.

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.