Poehling Capital Management INC. Has $3.10 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Poehling Capital Management INC. increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 32.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,526 shares of the specialty retailer's stock after buying an additional 8,998 shares during the period. Poehling Capital Management INC.'s holdings in Alibaba Group were worth $3,097,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $585,479,000. Renaissance Technologies LLC boosted its stake in Alibaba Group by 208.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after buying an additional 2,024,640 shares in the last quarter. Appaloosa LP boosted its stake in Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Alibaba Group by 95.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock valued at $179,087,000 after buying an additional 1,030,999 shares during the period. Finally, Voloridge Investment Management LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $73,727,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of BABA stock traded down $0.77 during trading hours on Friday, reaching $120.71. 7,156,234 shares of the company were exchanged, compared to its average volume of 20,168,780. 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 debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock's fifty day moving average is $121.97 and its two-hundred day moving average is $107.90. The company has a market cap of $287.99 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced 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%. Sell-side 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. Shareholders of record on Thursday, June 12th will be issued 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 dividend payout ratio is presently 13.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BABA. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Benchmark decreased their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Mizuho dropped their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Robert W. Baird decreased 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, May 16th. Finally, Loop Capital set a $176.00 price target on Alibaba Group in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $154.21.

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.