Triata Capital Ltd Acquires New Stake in Alibaba Group Holding Limited (NYSE:BABA)

Triata Capital Ltd acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,841 shares of the specialty retailer’s stock, valued at approximately $410,000. Alibaba Group accounts for 0.2% of Triata Capital Ltd’s portfolio, making the stock its 12th biggest holding.

Other large investors also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its holdings in shares of Alibaba Group by 31.3% in the 4th quarter. Park Avenue Securities LLC now owns 18,465 shares of the specialty retailer’s stock worth $1,566,000 after buying an additional 4,397 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group in the 4th quarter worth $31,000. Procyon Advisors LLC lifted its holdings in shares of Alibaba Group by 3.1% in the 4th quarter. Procyon Advisors LLC now owns 21,160 shares of the specialty retailer’s stock worth $1,794,000 after buying an additional 633 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Alibaba Group in the 4th quarter worth $87,000. Finally, O Keefe Stevens Advisory Inc. lifted its holdings in shares of Alibaba Group by 20.0% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 76,679 shares of the specialty retailer’s stock worth $6,502,000 after buying an additional 12,761 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.4%

Shares of NYSE:BABA opened at $123.37 on Friday. The business’s 50-day moving average is $123.38 and its 200 day moving average is $107.27. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The firm has a market capitalization of $294.59 billion, a P/E ratio of 17.83, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. On average, research 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. Investors of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s dividend payout ratio is currently 13.15%.

Analyst Ratings Changes

Several equities research analysts have weighed in on BABA shares. JPMorgan Chase & Co. upped their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Mizuho reduced their price target on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Bank of America boosted their price target 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 research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $154.21.

Alibaba Group Company Profile

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.