Advisory Resource Group Acquires New Position in Alibaba Group Holding Limited $BABA

Advisory Resource Group acquired a new stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,925 shares of the specialty retailer’s stock, valued at approximately $1,162,000.

Several other large investors have also bought and sold shares of BABA. Northwestern Mutual Wealth Management Co. lifted its holdings in Alibaba Group by 7,680.3% in the fourth 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 increased its stake in Alibaba Group by 1,074.9% in the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after purchasing an additional 5,524,354 shares in the last quarter. Norges Bank bought a new stake in Alibaba Group in the fourth quarter valued at approximately $594,477,000. Artisan Partners Limited Partnership bought a new stake in Alibaba Group in the third quarter valued at approximately $290,208,000. Finally, Trivest Advisors Ltd bought a new stake in Alibaba Group in the third quarter valued at approximately $202,126,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BABA. BNP Paribas Exane began coverage on shares of Alibaba Group in a research note on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 target price for the company. Mizuho upped their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. HSBC upped their target price on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Freedom Capital raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, DZ Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research report on Friday, March 20th. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $188.76.

View Our Latest Analysis on BABA

Key Stories Impacting Alibaba Group

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

Alibaba Group Stock Down 2.3%

Shares of BABA stock opened at $112.67 on Friday. The firm has a fifty day moving average of $130.29 and a 200-day moving average of $144.15. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The company has a market capitalization of $270.31 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.98 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last issued 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. As a group, equities research analysts predict that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is 15.60%.

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.

See Also

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

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