Waverly Advisors LLC Purchases 14,464 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Waverly Advisors LLC grew its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 184.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,299 shares of the specialty retailer's stock after buying an additional 14,464 shares during the quarter. Waverly Advisors LLC's holdings in Alibaba Group were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vident Advisory LLC grew its stake in 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 grew its stake in 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. Triata Capital Ltd bought a new stake in Alibaba Group during the fourth quarter worth about $410,000. Toronto Dominion Bank grew its stake 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 buying an additional 561,492 shares during the last quarter. Finally, Scion Asset Management LLC grew its stake in Alibaba Group by 382.3% during the fourth quarter. Scion Asset Management LLC now owns 150,000 shares of the specialty retailer's stock worth $12,718,000 after buying an additional 118,900 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Down 1.7%

Shares of NYSE BABA opened at $121.47 on Friday. The company's 50 day simple moving average is $121.97 and its 200 day simple moving average is $107.90. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The firm has a market capitalization of $289.80 billion, a P/E ratio of 17.55, a P/E/G ratio of 0.61 and a beta of 0.24. 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 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 business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is presently 13.83%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BABA shares. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research note on Friday, May 16th. Benchmark decreased their price target 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, May 16th. Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. One 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's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $154.21.

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.

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