Barings LLC Purchases New Stake in Alibaba Group Holding Limited $BABA

Barings LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the 4th quarter, HoldingsChannel reports. The fund bought 10,195 shares of the specialty retailer’s stock, valued at approximately $1,494,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BABA. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Alibaba Group by 7,680.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after buying an additional 5,936,847 shares during the period. Capital World Investors grew its position in shares of Alibaba Group by 1,074.9% during the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after buying an additional 5,524,354 shares during the last quarter. Norges Bank bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $594,477,000. Artisan Partners Limited Partnership bought a new stake in shares of Alibaba Group during the 3rd quarter valued at about $290,208,000. Finally, Trivest Advisors Ltd bought a new stake in shares of Alibaba Group during the 3rd quarter valued at about $202,126,000. 13.47% of the stock is owned by institutional investors and hedge funds.

More Alibaba Group News

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BABA. Barclays boosted their price objective on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. HSBC boosted their price objective on shares of Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. DZ Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research note on Friday, March 20th. Finally, Jefferies Financial Group lowered their price objective on 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 issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $188.76.

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Alibaba Group Price Performance

NYSE BABA opened at $112.67 on Friday. Alibaba Group Holding Limited has a 52 week low of $103.71 and a 52 week 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 $270.31 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 1.98 and a beta of 0.47. The company has a 50-day moving average price of $130.29 and a two-hundred day moving average price of $144.15.

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. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The firm had revenue of $35.30 billion during the quarter. Analysts forecast that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be given a $1.05 dividend. This represents a yield of 93.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s dividend payout ratio is currently 15.60%.

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

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

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