Alden Global Capital LLC Has $11.24 Million Stock Holdings in Alibaba Group Holding Limited $BABA

Alden Global Capital LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 44.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,674 shares of the specialty retailer’s stock after purchasing an additional 23,700 shares during the period. Alibaba Group makes up approximately 5.3% of Alden Global Capital LLC’s holdings, making the stock its 8th biggest position. Alden Global Capital LLC’s holdings in Alibaba Group were worth $11,239,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its holdings in Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in Alibaba Group in the 3rd quarter valued at $30,000. Palisade Asset Management LLC bought a new stake in Alibaba Group in the 3rd quarter valued at $37,000. Costello Asset Management INC bought a new stake in Alibaba Group in the 4th quarter valued at $34,000. Finally, Palladiem LLC bought a new stake in Alibaba Group in the 4th quarter valued at $38,000. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Susquehanna increased their price target on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a report on Friday, May 15th. Barclays increased their price target on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Alibaba Group in a report on Wednesday, May 27th. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, HSBC increased their price target on shares of Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Check Out Our Latest Stock Analysis on BABA

Trending Headlines about Alibaba Group

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Alibaba Group Trading Down 3.2%

Shares of BABA stock opened at $107.45 on Thursday. Alibaba Group Holding Limited has a 52-week low of $103.71 and a 52-week high of $192.67. The stock has a market cap of $257.79 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.90 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day moving average of $129.36 and a 200-day moving average of $142.81.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The company had revenue of $35.30 billion during the quarter. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

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

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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