Private Management Group Inc. decreased its position in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 16.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 194,579 shares of the specialty retailer’s stock after selling 37,767 shares during the quarter. Private Management Group Inc.’s holdings in Alibaba Group were worth $28,521,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. ARK Investment Management LLC increased its position in shares of Alibaba Group by 203.5% in the fourth quarter. ARK Investment Management LLC now owns 637,808 shares of the specialty retailer’s stock valued at $93,490,000 after acquiring an additional 427,630 shares during the period. Vestor Capital LLC increased its position in shares of Alibaba Group by 205.4% during the fourth quarter. Vestor Capital LLC now owns 269,961 shares of the specialty retailer’s stock valued at $39,571,000 after buying an additional 181,578 shares during the period. Accuvest Global Advisors increased its position in shares of Alibaba Group by 289.5% during the fourth quarter. Accuvest Global Advisors now owns 8,354 shares of the specialty retailer’s stock valued at $1,225,000 after buying an additional 6,209 shares during the period. Capital Wealth Planning LLC increased its position in shares of Alibaba Group by 40.7% during the fourth quarter. Capital Wealth Planning LLC now owns 189,136 shares of the specialty retailer’s stock valued at $29,418,000 after buying an additional 54,730 shares during the period. Finally, Entelevest LLC purchased a new position in shares of Alibaba Group during the fourth quarter valued at about $266,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Susquehanna boosted their price target on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Morgan Stanley boosted their price target on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Nomura boosted their price target on shares of Alibaba Group from $200.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, DZ Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective on the stock. in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.76.
Alibaba Group Trading Down 2.3%
Shares of NYSE BABA opened at $112.67 on Friday. The firm’s 50 day moving average price is $130.29 and its 200-day moving average price is $144.15. The company has a market cap of $270.31 billion, a PE ratio of 18.50, a P/E/G ratio of 1.98 and a beta of 0.47. Alibaba Group Holding Limited has a 52-week low of $103.71 and a 52-week high of $192.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28.
Alibaba Group (NYSE:BABA – Get Free Report) last issued its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. On average, equities research analysts expect that Alibaba Group Holding Limited will post 6.75 EPS 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. Investors of record on Thursday, June 11th will be given a dividend of $1.05 per share. The ex-dividend date is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s dividend payout ratio is 15.60%.
Key Stories Impacting Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
- Negative Sentiment: Beijing reportedly rebuked major e-commerce platforms over misleading discount tactics during the 618 shopping festival, renewing regulatory scrutiny of Alibaba and JD.com and raising concerns about margin pressure and tighter oversight. Alibaba and JD Slide After Beijing Rebuke
- Negative Sentiment: Alibaba was also linked to a fresh U.S. military-affiliation designation, adding geopolitical and regulatory risk for the U.S.-listed ADR and potentially discouraging institutional buyers. Alibaba slides as U.S. military-link designation and ex-dividend trade weigh on sentiment
- Negative Sentiment: The stock also traded ex-dividend, which mechanically lowers the share price on the session and can amplify weakness when sentiment is already fragile. Alibaba slides as U.S. military-link designation and ex-dividend trade weigh on sentiment
- Negative Sentiment: Media coverage also highlighted broader pressure on Chinese ADRs, with Alibaba, PDD Holdings, and JD.com facing increased scrutiny amid geopolitical and policy concerns. Thursday’s Final Takeaways: ECB & Chinese ADRs Under Pressure
- Neutral Sentiment: Separate articles noted a bullish valuation case for BABA and a positive analyst price-target backdrop, but these did not appear to outweigh the day’s regulatory overhang. Is Alibaba Group Holding Limited (BABA) A Good Stock To Buy Now?
Alibaba Group Profile
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.
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