Alibaba Group Holding Limited $BABA Position Increased by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 15.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 43,469 shares of the specialty retailer’s stock after purchasing an additional 5,661 shares during the period. QRG Capital Management Inc.’s holdings in Alibaba Group were worth $5,454,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BABA. Jennison Associates LLC grew its position in Alibaba Group by 11.9% during the 4th quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock worth $7,950,000 after purchasing an additional 5,760 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Alibaba Group in the fourth quarter worth $21,266,000. Thornburg Investment Management Inc. boosted its position in shares of Alibaba Group by 5.5% in the fourth quarter. Thornburg Investment Management Inc. now owns 584,028 shares of the specialty retailer’s stock worth $85,607,000 after buying an additional 30,644 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in shares of Alibaba Group by 61.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 50,123 shares of the specialty retailer’s stock valued at $7,347,000 after buying an additional 19,169 shares in the last quarter. Finally, Forteris Wealth Management Inc. purchased a new position in shares of Alibaba Group during the fourth quarter valued at $749,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $96.25 on Monday. The business’s 50-day moving average price is $121.55 and its two-hundred day moving average price is $137.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. Alibaba Group Holding Limited has a one year low of $91.99 and a one year high of $192.67. The company has a market capitalization of $230.91 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.67 and a beta of 0.51.

Alibaba Group (NYSE:BABAGet Free Report) last issued its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The company had revenue of $35.30 billion for the quarter. Analysts anticipate that Alibaba Group Holding Limited will post 6.66 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BABA shares. Robert W. Baird reduced their price objective on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Nomura dropped their target price on Alibaba Group from $207.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Jefferies Financial Group dropped their target price on Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Mizuho increased their price target on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, HSBC raised their price target on shares of Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $187.38.

Get Our Latest Report on Alibaba Group

Insider Transactions at Alibaba Group

In other Alibaba Group news, CEO Fan (Fj) Jiang sold 13,579 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $164,305.90. Following the completion of the sale, the chief executive officer directly owned 556,617 shares of the company’s stock, valued at $6,735,065.70. The trade was a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Fang Jiang sold 4,898 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $12.09, for a total transaction of $59,216.82. Following the transaction, the insider owned 5,559,511 shares in the company, valued at approximately $67,214,487.99. This trade represents a 0.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 920,303 shares of company stock valued at $70,796,370 in the last ninety days. 12.50% of the stock is currently owned by insiders.

Alibaba Group News Summary

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

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.

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

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