Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Patient Capital Management LLC

Patient Capital Management LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 689,712 shares of the specialty retailer's stock after purchasing an additional 30,986 shares during the period. Alibaba Group accounts for approximately 2.7% of Patient Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. Patient Capital Management LLC's holdings in Alibaba Group were worth $58,481,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Man Group plc lifted its position in Alibaba Group by 2.4% during the 4th quarter. Man Group plc now owns 1,897,326 shares of the specialty retailer's stock worth $160,874,000 after acquiring an additional 45,232 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alibaba Group by 7,756.4% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 196,410 shares of the specialty retailer's stock worth $16,654,000 after purchasing an additional 193,910 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Alibaba Group by 11.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,012,429 shares of the specialty retailer's stock valued at $85,835,000 after buying an additional 107,914 shares during the last quarter. Mmbg Investment Advisors CO. increased its holdings in Alibaba Group by 44.9% in the 4th quarter. Mmbg Investment Advisors CO. now owns 65,705 shares of the specialty retailer's stock worth $5,571,000 after buying an additional 20,355 shares during the period. Finally, Moore Capital Management LP purchased a new position in Alibaba Group during the 4th quarter worth approximately $2,417,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BABA. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Citigroup cut their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Benchmark decreased their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday. Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, Mizuho reduced their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday. Fifteen 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, Alibaba Group currently has a consensus rating of "Buy" and an average target price of $154.21.

Alibaba Group Stock Down 0.4%

BABA stock traded down $0.53 during mid-day trading on Friday, reaching $123.37. The company had a trading volume of 19,911,692 shares, compared to its average volume of 20,430,688. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The company has a market capitalization of $294.59 billion, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a fifty day simple moving average of $123.70 and a 200 day simple moving average of $107.05.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Analysts forecast 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. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's payout ratio is 14.16%.

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.