Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 497,933 shares of the specialty retailer’s stock after selling 920 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Alibaba Group were worth $42,220,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BABA. Rings Capital Management LLC grew its stake in shares of Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after purchasing an additional 100 shares during the last quarter. Lindbrook Capital LLC grew its position in Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock valued at $240,000 after buying an additional 101 shares during the last quarter. Global Endowment Management LP increased its stake in Alibaba Group by 1.4% in the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock valued at $642,000 after buying an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. raised its position in Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after buying an additional 108 shares during the last quarter. Finally, TBH Global Asset Management LLC raised its position in Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Loop Capital set a $176.00 price target on Alibaba Group in a research note on Friday. Finally, Bank of America increased their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $154.21.

Alibaba Group Stock Performance

Shares of BABA opened at $123.37 on Friday. The company has a 50-day moving average of $123.38 and a two-hundred day moving average of $107.27. The stock has a market cap of $294.59 billion, a P/E ratio of 17.83, a PEG 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 current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last posted 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 company 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%. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Investors 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 payout ratio is currently 13.15%.

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.