Solstein Capital LLC Raises Holdings in Alibaba Group Holding Limited $BABA

Solstein Capital LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 77.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,367 shares of the specialty retailer’s stock after acquiring an additional 11,486 shares during the quarter. Alibaba Group accounts for approximately 1.5% of Solstein Capital LLC’s holdings, making the stock its 17th biggest holding. Solstein Capital LLC’s holdings in Alibaba Group were worth $3,865,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its stake in 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 acquiring an additional 72 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Alibaba Group in the third quarter valued at approximately $30,000. Palisade Asset Management LLC acquired a new stake in Alibaba Group in the third quarter valued at approximately $37,000. Costello Asset Management INC acquired a new stake in Alibaba Group in the fourth quarter valued at approximately $34,000. Finally, Palladiem LLC acquired a new stake in Alibaba Group in the fourth quarter valued at approximately $38,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Up 0.0%

Shares of Alibaba Group stock opened at $112.71 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a fifty day moving average price of $130.07 and a 200 day moving average price of $143.93. Alibaba Group Holding Limited has a 1 year low of $103.71 and a 1 year high of $192.67. The stock has a market cap of $270.39 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.93 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last issued its 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 firm had revenue of $35.30 billion during the quarter. Equities research analysts predict that Alibaba Group Holding Limited will post 6.75 earnings per share for the current 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 issued a dividend of $1.05 per share. 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%.

Key Headlines Impacting Alibaba Group

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

Analyst Ratings Changes

Several brokerages have weighed in on BABA. Wall Street Zen upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Robert W. Baird lowered their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. 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. Finally, Jefferies Financial Group lowered their target price on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Get Our Latest Stock Report 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.

See Also

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

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