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Alibaba Group Holding Limited $BABA Shares Acquired by Foundations Investment Advisors LLC

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Key Points

  • Foundations Investment Advisors LLC increased its Alibaba stake by 14.1% in the fourth quarter, buying 27,903 more shares and bringing its total position to 225,415 shares valued at about $33.0 million.
  • Other institutional investors also adjusted their holdings, and overall 13.47% of Alibaba’s stock is owned by institutions and hedge funds.
  • Wall Street sentiment is mixed but still broadly positive: analysts currently rate Alibaba Moderate Buy on average, with a consensus price target of $188.76, even as a few firms cut ratings or targets.
  • MarketBeat previews the top five stocks to own by June 1st.

Foundations Investment Advisors LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 225,415 shares of the specialty retailer's stock after acquiring an additional 27,903 shares during the period. Foundations Investment Advisors LLC's holdings in Alibaba Group were worth $33,041,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Baker Avenue Asset Management LP lifted its stake in shares of Alibaba Group by 1.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 111,387 shares of the specialty retailer's stock valued at $16,327,000 after purchasing an additional 1,158 shares during the period. Severin Investments LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at $405,000. Eaton Financial Holdings Company LLC lifted its stake in shares of Alibaba Group by 1.5% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 8,586 shares of the specialty retailer's stock valued at $1,259,000 after purchasing an additional 129 shares during the period. Community Bank & Trust Waco Texas lifted its stake in shares of Alibaba Group by 9.6% in the 4th quarter. Community Bank & Trust Waco Texas now owns 4,063 shares of the specialty retailer's stock valued at $596,000 after purchasing an additional 357 shares during the period. Finally, Waystone Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at $400,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. DZ Bank cut shares of Alibaba Group from a "buy" rating to a "hold" rating and set a $135.00 target price for the company. in a research note on Friday, March 20th. BNP Paribas Exane assumed coverage on shares of Alibaba Group in a research note on Wednesday, April 29th. They issued an "outperform" rating and a $209.00 target price for the company. Zacks Research cut shares of Alibaba Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 22nd. HSBC boosted their target price on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Finally, Erste Group Bank cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $188.76.

Check Out Our Latest Analysis on Alibaba Group

More Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Stock Performance

NYSE:BABA opened at $127.74 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The company has a fifty day moving average of $131.22 and a two-hundred day moving average of $146.96. The stock has a market capitalization of $306.45 billion, a PE ratio of 20.97, a P/E/G ratio of 2.25 and a beta of 0.50. Alibaba Group Holding Limited has a fifty-two week low of $103.71 and a fifty-two week high of $192.67.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The company had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. As a group, research analysts forecast that Alibaba Group Holding Limited will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 72.0%. Alibaba Group's dividend payout ratio is presently 15.60%.

Alibaba Group Company Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Further Reading

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABA - Free Report).

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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