Alibaba Group Holding Limited $BABA Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 66.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,341 shares of the specialty retailer’s stock after buying an additional 7,291 shares during the period. Independent Advisor Alliance’s holdings in Alibaba Group were worth $2,688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BABA. World Investment Advisors raised its stake in shares of Alibaba Group by 5.9% during the fourth quarter. World Investment Advisors now owns 10,799 shares of the specialty retailer’s stock valued at $1,471,000 after purchasing an additional 606 shares during the period. Meridian Wealth Management LLC raised its stake in shares of Alibaba Group by 57.7% during the fourth quarter. Meridian Wealth Management LLC now owns 2,476 shares of the specialty retailer’s stock valued at $363,000 after purchasing an additional 906 shares during the period. Katamaran Capital LLP raised its stake in shares of Alibaba Group by 98.4% during the fourth quarter. Katamaran Capital LLP now owns 30,747 shares of the specialty retailer’s stock valued at $4,507,000 after purchasing an additional 15,246 shares during the period. Naples Global Advisors LLC raised its stake in shares of Alibaba Group by 5.6% during the fourth quarter. Naples Global Advisors LLC now owns 24,208 shares of the specialty retailer’s stock valued at $3,548,000 after purchasing an additional 1,273 shares during the period. Finally, Aubrey Capital Management Ltd raised its stake in shares of Alibaba Group by 79.9% during the fourth quarter. Aubrey Capital Management Ltd now owns 106,300 shares of the specialty retailer’s stock valued at $15,581,000 after purchasing an additional 47,200 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Key Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Stock Performance

BABA stock opened at $141.08 on Friday. The company has a market capitalization of $338.45 billion, a P/E ratio of 23.17, a PEG ratio of 2.52 and a beta of 0.50. The company has a 50-day simple moving average of $131.65 and a 200 day simple moving average of $149.49. Alibaba Group Holding Limited has a fifty-two week low of $103.71 and a fifty-two week high of $192.67. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The business had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.82%. Sell-side analysts predict that Alibaba Group Holding Limited will post 6.7 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. This represents a yield of 72.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s payout ratio is presently 17.92%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BABA. Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. DZ Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a research note on Friday, March 20th. Freedom Capital upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Weiss Ratings lowered shares of Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Finally, Jefferies Financial Group dropped their price target on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

View Our Latest Stock Report on Alibaba Group

About Alibaba Group

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Further Reading

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.