Alibaba Group Holding Limited $BABA Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,168 shares of the specialty retailer’s stock after selling 24,955 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Alibaba Group were worth $3,158,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Capital World Investors raised its holdings in Alibaba Group by 7.7% in the 4th quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock worth $953,527,000 after purchasing an additional 466,847 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Alibaba Group by 7,680.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after purchasing an additional 5,936,847 shares during the period. Fisher Asset Management LLC grew its holdings in Alibaba Group by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock valued at $782,135,000 after purchasing an additional 42,297 shares during the period. Norges Bank purchased a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $594,477,000. Finally, American Century Companies Inc. increased its position in shares of Alibaba Group by 17.7% in the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after buying an additional 448,484 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BABA. JPMorgan Chase & Co. lifted their price target 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. Freedom Capital upgraded shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Susquehanna increased their price objective on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a report on Friday, May 15th. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Morgan Stanley boosted their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.76.

Read Our Latest Analysis on BABA

Alibaba Group Stock Up 0.1%

Shares of BABA opened at $107.22 on Monday. The stock has a 50 day moving average price of $128.75 and a 200 day moving average price of $142.06. Alibaba Group Holding Limited has a one year low of $103.71 and a one 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. The stock has a market capitalization of $257.23 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.84 and a beta of 0.48.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The company had revenue of $35.30 billion for the quarter. Equities research analysts forecast that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Monday, July 13th. Stockholders 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 dividend payout ratio (DPR) is currently 16.91%.

Key Headlines Impacting Alibaba Group

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

Alibaba Group Company 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.

See Also

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

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