White Knight Strategic Wealth Advisors LLC Takes $323,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

White Knight Strategic Wealth Advisors LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,806 shares of the specialty retailer's stock, valued at approximately $323,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $585,479,000. Renaissance Technologies LLC boosted its holdings in shares of Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after acquiring an additional 2,024,640 shares in the last quarter. Appaloosa LP boosted its holdings in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Alibaba Group by 95.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after acquiring an additional 1,030,999 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $73,727,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on BABA. Bank of America boosted their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research report on Friday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Benchmark dropped their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Finally, Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Trading Down 0.6%

Shares of Alibaba Group stock traded down $0.77 on Friday, hitting $120.71. 7,156,234 shares of the company's stock traded hands, compared to its average volume of 20,083,290. The firm's 50-day moving average price is $121.53 and its two-hundred day moving average price is $108.13. The stock has a market capitalization of $287.99 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a one year low of $71.80 and a one year 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 issued its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate 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 net margin of 12.29% and a return on equity of 12.89%. On average, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given 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 payout ratio is 13.83%.

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.