Triata Capital Ltd Takes $410,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Triata Capital Ltd purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,841 shares of the specialty retailer's stock, valued at approximately $410,000. Alibaba Group accounts for 0.2% of Triata Capital Ltd's investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in Alibaba Group by 89,409.6% during the fourth quarter. Toronto Dominion Bank now owns 562,120 shares of the specialty retailer's stock worth $47,662,000 after acquiring an additional 561,492 shares during the period. Scion Asset Management LLC boosted its position in shares of Alibaba Group by 382.3% during the 4th quarter. Scion Asset Management LLC now owns 150,000 shares of the specialty retailer's stock worth $12,718,000 after purchasing an additional 118,900 shares in the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Alibaba Group during the 4th quarter worth $748,000. Point72 Hong Kong Ltd lifted its stake in shares of Alibaba Group by 1,632.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 545,257 shares of the specialty retailer's stock valued at $46,232,000 after purchasing an additional 513,781 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Alibaba Group by 15.0% during the fourth quarter. Quantinno Capital Management LP now owns 22,612 shares of the specialty retailer's stock worth $1,917,000 after buying an additional 2,953 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley set a $180.00 price target on Alibaba Group in a research report on Wednesday, May 14th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Loop Capital set a $176.00 price target on shares of Alibaba Group in a report on Friday. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Bank of America upped their target price on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One 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 MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $154.21.

Alibaba Group Price Performance

Alibaba Group stock traded up $2.19 during mid-day trading on Tuesday, hitting $125.15. 11,688,448 shares of the company were exchanged, compared to its average volume of 20,315,149. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. 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 $123.10 and a 200 day moving average of $107.51. The company has a market capitalization of $298.85 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

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

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.