Mosley Wealth Management Acquires Shares of 5,532 Alibaba Group Holding Limited $BABA

Mosley Wealth Management acquired a new stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,532 shares of the specialty retailer’s stock, valued at approximately $811,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. grew 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 during the period. 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. Institutional investors and hedge funds own 13.47% of the company’s stock.

Key Headlines Impacting Alibaba Group

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BABA shares. Robert W. Baird cut their target price on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. HSBC lifted their target price on Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Susquehanna lifted their target price on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. Mizuho lifted their target price on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Get Our Latest Stock Analysis on BABA

Alibaba Group Stock Down 2.3%

Shares of NYSE:BABA opened at $112.67 on Friday. The stock has a market cap of $270.31 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.98 and a beta of 0.47. 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. The business’s 50 day moving average is $130.29 and its 200 day moving average is $144.15.

Alibaba Group (NYSE:BABAGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The business 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, sell-side analysts forecast that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently declared 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 yield of 93.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s dividend payout ratio (DPR) is 15.60%.

Alibaba Group 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.

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

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