Triata Capital Ltd Sells 50,541 Shares of Alibaba Group Holding Limited $BABA

Triata Capital Ltd lessened its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 31.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,700 shares of the specialty retailer’s stock after selling 50,541 shares during the period. Alibaba Group accounts for 2.0% of Triata Capital Ltd’s investment portfolio, making the stock its 12th biggest position. Triata Capital Ltd’s holdings in Alibaba Group were worth $16,373,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BABA. Ameriflex Group Inc. lifted its position in shares of Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter worth about $30,000. Costello Asset Management INC purchased a new position in Alibaba Group during the 4th quarter valued at about $34,000. Palisade Asset Management LLC purchased a new position in Alibaba Group during the 3rd quarter valued at about $37,000. Finally, Palladiem LLC purchased a new position in Alibaba Group during the 4th quarter valued at about $38,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 1.4%

Shares of BABA stock opened at $110.99 on Wednesday. The company’s 50-day moving average price is $129.65 and its 200-day moving average price is $143.17. Alibaba Group Holding Limited has a twelve month low of $103.71 and a twelve month high of $192.67. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $266.28 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.93 and a beta of 0.48.

Alibaba Group (NYSE:BABAGet Free Report) last posted its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The company 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%. As a group, equities analysts predict that Alibaba Group Holding Limited will post 6.75 earnings per share for the current year.

Alibaba Group Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be paid a dividend of $1.05 per share. This represents a dividend yield of 93.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s dividend payout ratio is presently 16.91%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. HSBC increased their price target on shares of Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. BNP Paribas Exane started coverage on shares of Alibaba Group in a research note on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Alibaba Group in a research report on Wednesday, May 27th. Finally, Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.76.

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Key Headlines Impacting Alibaba Group

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Alibaba Group Profile

(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

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

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