Alibaba Group Holding Limited $BABA Holdings Lowered by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA trimmed its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 9.1% in the first quarter, HoldingsChannel.com reports. The firm owned 214,003 shares of the specialty retailer’s stock after selling 21,492 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Alibaba Group were worth $24,950,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. ARK Investment Management LLC acquired a new stake in shares of Alibaba Group during the 3rd quarter worth about $37,565,000. Jennison Associates LLC boosted its position 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 buying an additional 5,760 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Alibaba Group during the fourth quarter worth about $21,266,000. Thornburg Investment Management Inc. grew its stake in Alibaba Group by 5.5% during 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 last quarter. Finally, Nations Financial Group Inc. IA ADV increased 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 worth $7,347,000 after buying an additional 19,169 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 0.3%

Shares of NYSE:BABA opened at $94.83 on Friday. The company has a 50 day moving average price of $125.73 and a two-hundred day moving average price of $140.10. 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 company has a market capitalization of $227.51 billion, a PE ratio of 15.57, a PEG ratio of 1.65 and a beta of 0.47. Alibaba Group Holding Limited has a 52 week low of $91.99 and a 52 week high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) 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. Analysts forecast that Alibaba Group Holding Limited will post 6.69 earnings per share for the current year.

Alibaba Group Announces Dividend

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 16.91%.

Key Alibaba Group News

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

Wall Street Analyst Weigh In

BABA has been the topic of several research analyst reports. BNP Paribas Exane began coverage on Alibaba Group in a report on Wednesday, April 29th. They set an “outperform” rating and a $209.00 target price on the stock. Argus upgraded shares of Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Morgan Stanley increased their price objective on shares of Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. HSBC boosted their target price on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Finally, Susquehanna upped their target price 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. Two 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $187.38.

View Our Latest Analysis on Alibaba Group

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.

Featured Stories

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

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