Scion Asset Management LLC Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Scion Asset Management LLC grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 382.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,000 shares of the specialty retailer's stock after acquiring an additional 118,900 shares during the quarter. Alibaba Group accounts for 16.4% of Scion Asset Management LLC's holdings, making the stock its biggest position. Scion Asset Management LLC's holdings in Alibaba Group were worth $12,718,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $585,479,000. Renaissance Technologies LLC raised its stake in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Appaloosa LP raised its stake in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Alibaba Group by 95.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after purchasing an additional 1,030,999 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Alibaba Group by 92.7% during the 4th quarter. Bank of Montreal Can now owns 1,147,636 shares of the specialty retailer's stock worth $97,308,000 after purchasing an additional 552,010 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Performance

BABA stock traded down $0.42 during trading hours on Monday, hitting $123.04. 11,123,847 shares of the stock were exchanged, compared to its average volume of 20,334,750. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $293.81 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a 50-day simple moving average of $123.38 and a two-hundred day simple moving average of $107.33. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last posted 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 the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is currently 13.15%.

Wall Street Analyst Weigh In

BABA has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Loop Capital set a $176.00 price target on Alibaba Group in a research note on Friday. Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Robert W. Baird dropped their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Citigroup dropped their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $154.21.

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.