Jupiter Asset Management Ltd. Grows Stock Position in Alibaba Group Holding Limited $BABA

Jupiter Asset Management Ltd. raised its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 15.4% in the 4th quarter, Holdings Channel reports. The fund owned 87,638 shares of the specialty retailer’s stock after purchasing an additional 11,698 shares during the period. Jupiter Asset Management Ltd.’s holdings in Alibaba Group were worth $12,846,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its stake in shares of Alibaba Group by 101.4% in the third 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 purchased a new stake in Alibaba Group during the 3rd quarter worth $30,000. Costello Asset Management INC acquired a new position in Alibaba Group in the 4th quarter worth $34,000. Palisade Asset Management LLC acquired a new position in Alibaba Group in the 3rd quarter worth $37,000. Finally, Key Financial Inc boosted its position in Alibaba Group by 316.9% in the 4th quarter. Key Financial Inc now owns 271 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of a number of analyst reports. Freedom Capital raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Morgan Stanley increased 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. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. HSBC upped their target price on Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Finally, Robert W. Baird reduced their target price on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and an average target price of $188.76.

Check Out Our Latest Analysis on BABA

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Alibaba Group Stock Performance

Shares of BABA stock opened at $124.27 on Friday. The stock has a market capitalization of $298.13 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.19 and a beta of 0.50. Alibaba Group Holding Limited has a one year low of $103.71 and a one year high of $192.67. The company’s 50-day simple moving average is $130.81 and its 200-day simple moving average is $146.52. 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 (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The firm had revenue of $35.30 billion during the quarter. Equities analysts anticipate that Alibaba Group Holding Limited will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be given a dividend of $1.05 per share. This represents a dividend yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio is currently 16.91%.

About Alibaba Group

(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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