Voloridge Investment Management LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 869,529 shares of the specialty retailer's stock, valued at approximately $73,727,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL lifted its holdings in Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth $52,000. Vision Financial Markets LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $55,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at about $60,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.
Alibaba Group Stock Performance
Shares of NYSE BABA opened at $125.15 on Wednesday. The company has a market cap 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 Holding Limited has a 12 month low of $71.80 and a 12 month 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 company has a 50-day simple moving average of $122.84 and a 200-day simple moving average of $107.63.
Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates 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 business also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's dividend payout ratio is currently 13.15%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on BABA shares. Barclays upped their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Robert W. Baird lowered their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Citigroup reduced their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Mizuho dropped their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $154.21.
View Our Latest Research Report on BABA
Alibaba Group Company Profile
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Free Report)
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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