Parkwood LLC Acquires Shares of 59,133 Alibaba Group Holding Limited (NYSE:BABA)

Parkwood LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 59,133 shares of the specialty retailer's stock, valued at approximately $5,014,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Patient Capital Management LLC raised its stake in Alibaba Group by 4.7% in the 4th quarter. Patient Capital Management LLC now owns 689,712 shares of the specialty retailer's stock valued at $58,481,000 after acquiring an additional 30,986 shares during the period. Man Group plc raised its stake in Alibaba Group by 2.4% in the 4th quarter. Man Group plc now owns 1,897,326 shares of the specialty retailer's stock valued at $160,874,000 after acquiring an additional 45,232 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Alibaba Group by 7,756.4% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 196,410 shares of the specialty retailer's stock valued at $16,654,000 after acquiring an additional 193,910 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Alibaba Group by 11.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,012,429 shares of the specialty retailer's stock valued at $85,835,000 after acquiring an additional 107,914 shares during the period. Finally, Mmbg Investment Advisors CO. raised its stake in Alibaba Group by 44.9% in the 4th quarter. Mmbg Investment Advisors CO. now owns 65,705 shares of the specialty retailer's stock valued at $5,571,000 after acquiring an additional 20,355 shares during the period. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Down 0.4%

Shares of BABA traded down $0.53 during mid-day trading on Friday, reaching $123.37. 19,911,692 shares of the company were exchanged, compared to its average volume of 20,430,688. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock has a market capitalization of $294.59 billion, a PE ratio of 17.83, a PEG ratio of 0.61 and a beta of 0.24. The business has a 50 day simple moving average of $123.70 and a two-hundred day simple moving average of $107.05.

Alibaba Group (NYSE:BABA - Get Free Report) last issued its earnings results 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 business had revenue of $38.38 billion during 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%. On average, analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share 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 issued a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup decreased their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Arete Research raised Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Benchmark reduced their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday. Finally, Bank of America increased 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. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $154.21.

About Alibaba Group

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.