Triglav Investments D.O.O. Invests $4.18 Million in Alibaba Group Holding Limited $BABA

Triglav Investments D.O.O. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 28,500 shares of the specialty retailer’s stock, valued at approximately $4,176,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BABA. Northwestern Mutual Wealth Management Co. raised its stake in shares of Alibaba Group by 7,680.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after purchasing an additional 5,936,847 shares in the last quarter. Capital World Investors raised its stake in shares of Alibaba Group by 1,074.9% during the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after purchasing an additional 5,524,354 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Alibaba Group during the 3rd quarter worth about $290,208,000. Trivest Advisors Ltd purchased a new stake in shares of Alibaba Group during the 3rd quarter worth about $202,126,000. Finally, Coatue Management LLC raised its stake in shares of Alibaba Group by 130.1% during the 3rd quarter. Coatue Management LLC now owns 1,996,593 shares of the specialty retailer’s stock worth $356,851,000 after purchasing an additional 1,128,826 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on BABA. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Susquehanna raised their price objective on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Argus raised Alibaba Group to a “hold” rating in a research note on Tuesday, March 24th. Finally, Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and an average price target of $188.76.

Read Our Latest Research Report on Alibaba Group

Key Headlines Impacting Alibaba Group

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Alibaba Group Stock Performance

BABA opened at $124.27 on Friday. The firm has a market capitalization of $298.13 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.50. The stock’s 50 day moving average price is $130.81 and its two-hundred day moving average price is $146.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last released its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $35.30 billion for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 6.67 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. Stockholders of record on Thursday, June 11th will be issued 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 (DPR) is presently 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.

See Also

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

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