UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $390.89 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 19.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,610,035 shares of the specialty retailer’s stock after buying an additional 752,275 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alibaba Group were worth $390,885,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC increased its position in Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer’s stock worth $13,180,000 after buying an additional 27,088 shares during the last quarter. Berkshire Asset Management LLC PA acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $911,000. Exchange Traded Concepts LLC grew its position in shares of Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer’s stock valued at $6,343,000 after purchasing an additional 42,446 shares during the last quarter. Bailard Inc. grew its position in shares of Alibaba Group by 46.3% in the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in shares of Alibaba Group by 18.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 268,768 shares of the specialty retailer’s stock valued at $22,789,000 after purchasing an additional 42,290 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $125.15 on Wednesday. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The firm has a market capitalization of $298.85 billion, a PE ratio of 18.09, a PEG ratio of 0.61 and a beta of 0.24. The business’s 50 day moving average is $122.84 and its 200-day moving average is $107.63. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. Sell-side analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Alibaba Group Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s payout ratio is 13.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Loop Capital set a $176.00 price target on Alibaba Group in a research report on Friday. Robert W. Baird lowered their price target on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Bank of America upped their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $154.21.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.