White Knight Strategic Wealth Advisors LLC Purchases Shares of 3,806 Alibaba Group Holding Limited (NYSE:BABA)

White Knight Strategic Wealth Advisors LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,806 shares of the specialty retailer's stock, valued at approximately $323,000.

Several other hedge funds have also modified their holdings of the company. Foundations Investment Advisors LLC increased its holdings in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock valued at $13,180,000 after acquiring an additional 27,088 shares in the last quarter. Berkshire Asset Management LLC PA acquired a new position in Alibaba Group in the 4th quarter worth approximately $911,000. Exchange Traded Concepts LLC increased its holdings in Alibaba Group by 131.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after buying an additional 42,446 shares during the period. Bailard Inc. increased its holdings in Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after buying an additional 3,242 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in shares of Alibaba Group by 18.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 268,768 shares of the specialty retailer's stock worth $22,789,000 after purchasing an additional 42,290 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Up 1.8%

Shares of NYSE:BABA opened at $125.15 on Wednesday. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The firm has a market capitalization of $298.85 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth 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. The business's 50 day moving average price is $122.84 and its 200-day moving average price is $107.63.

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 analysts' consensus estimates of $2.84 by ($0.07). The firm had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Alibaba Group Cuts Dividend

The company also recently disclosed 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 payout ratio is currently 13.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BABA shares. StockNews.com cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Robert W. Baird dropped their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 14th. Finally, Mizuho dropped their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus 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.

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