Team Hewins LLC Buys New Shares in Alibaba Group Holding Limited (NYSE:BABA)

Team Hewins LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,887 shares of the specialty retailer’s stock, valued at approximately $541,000.

Several other hedge funds have also made changes to their positions in the stock. Sanders Capital LLC increased its holdings in shares of Alibaba Group by 322.7% in the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after purchasing an additional 11,473,618 shares in the last quarter. Morgan Stanley boosted its stake in Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after acquiring an additional 1,406,491 shares during the last quarter. Norges Bank bought a new position in Alibaba Group in the fourth quarter valued at approximately $329,367,000. Assenagon Asset Management S.A. boosted its stake in Alibaba Group by 461.2% in the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after acquiring an additional 3,464,723 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Alibaba Group by 65.6% in the third quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after acquiring an additional 1,389,233 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Susquehanna reduced their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Mizuho reduced their price target on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Barclays cut their price objective on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average target price of $109.96.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $0.45 on Friday, reaching $81.25. 39,687,124 shares of the stock were exchanged, compared to its average volume of 18,813,176. The firm’s 50 day moving average is $75.77 and its 200-day moving average is $75.24. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 1.79. The firm has a market cap of $206.17 billion, a PE ratio of 18.65, a P/E/G ratio of 0.50 and a beta of 0.44.

Alibaba Group Dividend Announcement

The company also recently declared a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be issued a dividend of $1.66 per share. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, June 13th. Alibaba Group’s dividend payout ratio (DPR) is presently 22.84%.

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.