Alibaba Group Holding Limited $BABA Shares Bought by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 128.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 409,023 shares of the specialty retailer’s stock after purchasing an additional 230,017 shares during the period. Amova Asset Management Americas Inc.’s holdings in Alibaba Group were worth $59,942,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. raised its position in shares of 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 in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $30,000. Costello Asset Management INC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $34,000. Palisade Asset Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $37,000. Finally, Palladiem LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $38,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 0.3%

Shares of BABA stock opened at $119.68 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. Alibaba Group Holding Limited has a 1 year low of $103.71 and a 1 year high of $192.67. The stock has a fifty day moving average of $130.68 and a two-hundred day moving average of $144.70. The firm has a market capitalization of $287.12 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.47.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) 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 during the quarter. As a group, research analysts expect that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a dividend of $1.05 per share. This represents a yield of 72.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s payout ratio is 15.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. DZ Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a report on Friday, March 20th. Barclays boosted their price target on Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Finally, Mizuho boosted their price target on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Trending Headlines about Alibaba Group

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

• Negative Sentiment: The Pentagon added Alibaba to its Chinese military-linked list, raising geopolitical risk and potentially restricting access to U.S. defense contracts. Pentagon Adds Alibaba, Baidu, BYD and Nio to Chinese Military-Linked List
• Negative Sentiment: Investor focus remains on Alibaba’s aggressive AI spending, which some reports say is a larger drag on the stock than the Pentagon action. Alibaba Stock Has Bigger Problems Than the Pentagon’s China List
• Neutral Sentiment: Alibaba rejected the military-company label and said it sees no business impact from the designation. Alibaba Rejects U.S. Military Company Label, Sees No Business Impact
• Positive Sentiment: Alibaba continues to build out its AI business, including a new Token Foundry unit that could support longer-term growth. Alibaba CEO Takes Direct Control of New AI Business Unit

Alibaba Group Profile

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.