UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 752,275 Shares of Alibaba Group Holding Limited (NYSE:BABA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 19.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,610,035 shares of the specialty retailer's stock after purchasing an additional 752,275 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Alibaba Group worth $390,885,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BABA. Voloridge Investment Management LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $73,727,000. Waverly Advisors LLC lifted its holdings in shares of Alibaba Group by 184.6% during the fourth quarter. Waverly Advisors LLC now owns 22,299 shares of the specialty retailer's stock worth $1,891,000 after buying an additional 14,464 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Alibaba Group by 10.3% during the fourth quarter. Vident Advisory LLC now owns 21,058 shares of the specialty retailer's stock worth $1,786,000 after buying an additional 1,971 shares during the last quarter. Tairen Capital Ltd lifted its holdings in shares of Alibaba Group by 333.3% during the fourth quarter. Tairen Capital Ltd now owns 65,000 shares of the specialty retailer's stock worth $5,511,000 after buying an additional 50,000 shares during the last quarter. Finally, Triata Capital Ltd acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $410,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Alibaba Group stock traded down $0.77 during mid-day trading on Friday, hitting $120.71. 7,156,234 shares of the company were exchanged, compared to its average volume of 20,083,290. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $121.53 and a 200 day moving average of $108.13. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a market capitalization of $287.99 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its 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). The business 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%. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Cuts Dividend

The firm 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 payout ratio is presently 13.83%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BABA shares. Robert W. Baird cut their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Mizuho cut their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Loop Capital set a $176.00 target price on Alibaba Group in a research note on Friday, May 16th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $154.21.

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.