Toronto Dominion Bank Acquires 561,492 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Toronto Dominion Bank lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 89,409.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 562,120 shares of the specialty retailer's stock after purchasing an additional 561,492 shares during the quarter. Toronto Dominion Bank's holdings in Alibaba Group were worth $47,662,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BABA. Appaloosa LP boosted 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 buying an additional 1,843,158 shares during the last quarter. Norges Bank acquired a new position in Alibaba Group during the fourth quarter valued at approximately $585,479,000. Bank of America Corp DE grew its stake in Alibaba Group by 7.0% in the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after purchasing an additional 438,537 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of Alibaba Group by 1.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,978,977 shares of the specialty retailer's stock worth $337,377,000 after purchasing an additional 44,901 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BABA. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research note on Wednesday. Benchmark lowered their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Citigroup lowered 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. Finally, Robert W. Baird cut their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Stock Down 0.4%

BABA stock opened at $123.37 on Friday. The business's fifty day moving average price is $123.38 and its two-hundred day moving average price is $107.27. The stock has a market capitalization of $294.59 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.61 and a beta of 0.24. 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.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates 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%. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's payout ratio is 13.15%.

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.

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