AdvisorShares Investments LLC Takes $887,000 Position in Alibaba Group Holding Limited $BABA

AdvisorShares Investments LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 6,054 shares of the specialty retailer’s stock, valued at approximately $887,000.

Other hedge funds also recently added to or reduced their stakes in the company. ARK Investment Management LLC purchased a new stake in Alibaba Group in the third quarter valued at $37,565,000. Great Hill Capital LLC purchased a new stake in Alibaba Group in the third quarter valued at $2,207,000. Jennison Associates LLC boosted its holdings in Alibaba Group by 11.9% in the fourth quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock valued at $7,950,000 after purchasing an additional 5,760 shares during the last quarter. Thornburg Investment Management Inc. boosted its holdings in Alibaba Group by 14.3% in the third quarter. Thornburg Investment Management Inc. now owns 553,384 shares of the specialty retailer’s stock valued at $98,906,000 after purchasing an additional 69,232 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Alibaba Group by 61.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 50,123 shares of the specialty retailer’s stock worth $7,347,000 after acquiring an additional 19,169 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. HSBC upped their price objective on shares of Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Jefferies Financial Group decreased their price objective on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Susquehanna upped their price objective on shares of Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Finally, Nomura upped their price objective on shares of Alibaba Group from $200.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $188.76.

Get Our Latest Stock Analysis on BABA

Alibaba Group Stock Down 1.5%

BABA opened at $124.27 on Friday. Alibaba Group Holding Limited has a twelve month low of $103.71 and a twelve month high of $192.67. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $130.81 and a 200 day moving average price of $146.52. The company has a market cap of $298.13 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share 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. Sell-side analysts expect that Alibaba Group Holding Limited will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently disclosed 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 yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio is currently 16.91%.

Trending Headlines about 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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