Alibaba Group Holding Limited $BABA Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 15.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,750,996 shares of the specialty retailer’s stock after selling 1,011,265 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alibaba Group were worth $842,981,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Ameriflex Group Inc. grew its stake in Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC purchased a new stake in Alibaba Group during the third quarter worth approximately $30,000. Costello Asset Management INC purchased a new stake in Alibaba Group during the fourth quarter worth approximately $34,000. Palisade Asset Management LLC purchased a new stake in Alibaba Group during the third quarter worth approximately $37,000. Finally, Palladiem LLC purchased a new stake in Alibaba Group during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.0%

Alibaba Group stock opened at $112.71 on Friday. The firm’s 50-day moving average is $130.07 and its 200-day moving average is $143.93. 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 company has a market cap of $270.39 billion, a P/E ratio of 18.51, a PEG ratio of 1.93 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last posted 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 net margin of 10.31% and a return on equity of 4.76%. The company had revenue of $35.30 billion for the quarter. On average, equities analysts expect that Alibaba Group Holding Limited will post 6.75 earnings per share for the current year.

Alibaba Group Announces Dividend

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

Alibaba Group News Summary

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

Wall Street Analyst Weigh In

Several research firms have issued reports on BABA. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. HSBC boosted their price objective on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Susquehanna upped their target price on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. BNP Paribas Exane initiated coverage on shares of Alibaba Group in a report on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price target for the company. Finally, Robert W. Baird lowered their price target on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $188.76.

Get Our Latest Analysis on BABA

Alibaba Group Company 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.

Read More

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.