Fiduciary Alliance LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 154.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,229 shares of the specialty retailer’s stock after acquiring an additional 33,490 shares during the period. Fiduciary Alliance LLC’s holdings in Alibaba Group were worth $4,052,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of BABA. Primecap Management Co. CA raised its position in shares of Alibaba Group by 5.1% during the 4th quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock valued at $1,412,618,000 after acquiring an additional 881,710 shares in the last quarter. Sanders Capital LLC raised its stake in Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock worth $1,228,398,000 after acquiring an additional 819,019 shares during the period. Morgan Stanley lifted its holdings in Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares during the last quarter. FIL Ltd boosted its stake in Alibaba Group by 10.2% in the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after acquiring an additional 983,842 shares during the period. Finally, H&H International Investment LLC grew its holdings in shares of Alibaba Group by 63.1% during the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock valued at $384,390,000 after purchasing an additional 1,918,730 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.
Alibaba Group Stock Down 0.5 %
Shares of BABA stock traded down $0.37 on Friday, reaching $72.00. 10,334,974 shares of the company’s stock traded hands, compared to its average volume of 12,350,396. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $182.70 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 0.44 and a beta of 0.38. The business’s 50 day moving average price is $78.23 and its two-hundred day moving average price is $75.03. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50.
Alibaba Group (NYSE:BABA – Get Free Report) last released its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The company had revenue of $30.73 billion during the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.
Alibaba Group Announces Dividend
The firm also recently announced a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be paid a $1.66 dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, June 13th. Alibaba Group’s dividend payout ratio (DPR) is presently 22.84%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on BABA shares. Morgan Stanley restated an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. Loop Capital boosted their target price on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Wednesday, May 15th. Citigroup decreased their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Barclays lowered their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.79.
Alibaba Group 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.