LFG Wealth Partners LLC Takes Position in Alibaba Group Holding Limited $BABA

LFG Wealth Partners LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,419 shares of the specialty retailer’s stock, valued at approximately $1,381,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 981 shares in the last quarter. AQR Capital Management LLC bought a new position in Alibaba Group during the first quarter worth $254,000. Bank of Nova Scotia boosted its holdings in Alibaba Group by 313.0% in the second quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock worth $2,470,000 after purchasing an additional 16,505 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of Alibaba Group during the second quarter worth $1,613,000. Finally, Ieq Capital LLC raised its stake in Alibaba Group by 51.9% during the second quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock worth $7,946,000 after acquiring an additional 23,925 shares during the period. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Mizuho lifted their target price on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Jefferies Financial Group lowered their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $188.76.

Trending Headlines about Alibaba Group

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

• Positive Sentiment: Investor Michael Burry reportedly increased his Alibaba stake, citing the company’s AI leadership and ongoing buybacks, which may help reinforce bullish sentiment around BABA. Michael Burry Boosts Alibaba Stake, Calls It China’s ‘Most Advanced’ AI Company — BABA Stock Still Stuck In The Mud
• Positive Sentiment: Alibaba is being highlighted for expanding its AI and automation strategy through Ant Group’s planned Alipay overhaul, which could support longer-term growth in its ecosystem. Jack Ma-Backed Ant Group Set for High-Stakes Overhaul of Billion-User App
• Positive Sentiment: Reports that Alibaba is ramping up talent search for smart-tech initiatives suggest continued investment in higher-growth technology areas. Alibaba ramps up talent search, employment for smart tech edge
• Neutral Sentiment: Alibaba is reportedly bidding $1.5 billion for Chinese grocer Pupu as it competes with Meituan, a move that could expand its local commerce footprint but also implies more capital deployment. Alibaba bids $1.5 billion for China grocer Pupu in Meituan fight
• Negative Sentiment: Chinese regulators publicly rebuked Alibaba and JD.com over misleading discount practices during the 618 shopping festival, raising fresh compliance and reputational concerns for BABA. Beijing Rebukes Alibaba and JD.com Over Misleading Discount Practices. How to Play Leading Chinese Stocks Here.
• Negative Sentiment: Additional coverage of the regulator rebuke could keep pressure on sentiment if investors worry about tighter oversight of Alibaba’s e-commerce practices. Beijing rebukes Alibaba and JD.com over misleading discount practices. How to play leading Chinese stocks here

Alibaba Group Price Performance

NYSE BABA opened at $112.48 on Tuesday. The business’s fifty day moving average is $129.88 and its two-hundred day moving average is $143.50. The stock has a market capitalization of $269.86 billion, a P/E ratio of 18.47, a P/E/G ratio of 1.94 and a beta of 0.48. Alibaba Group Holding Limited has a 1 year low of $103.71 and a 1 year high of $192.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The business had revenue of $35.30 billion for the quarter. On average, research 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 disclosed an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be paid a $1.05 dividend. This represents a dividend yield of 93.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s payout ratio is presently 16.91%.

Alibaba Group Company Profile

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.