Fiduciary Alliance LLC Grows Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Fiduciary Alliance LLC grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 154.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,229 shares of the specialty retailer’s stock after buying an additional 33,490 shares during the period. Fiduciary Alliance LLC’s holdings in Alibaba Group were worth $4,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Baystate Wealth Management LLC raised its stake in shares of Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. EdgeRock Capital LLC acquired a new position in Alibaba Group during the fourth quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new position in Alibaba Group during the fourth quarter worth approximately $31,000. Register Financial Advisors LLC acquired a new position in Alibaba Group during the first quarter worth approximately $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Alibaba Group in the fourth quarter worth $32,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BABA shares. Loop Capital raised their price target on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Citigroup lowered their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Bank of America lifted their price objective on shares of Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.79.

Alibaba Group Stock Performance

BABA stock traded down $0.37 during midday trading on Friday, reaching $72.00. 10,334,974 shares of the company were exchanged, compared to its average volume of 12,350,396. 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 current ratio of 1.79 and a quick ratio of 1.79. The firm has a market capitalization of $182.70 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 0.44 and a beta of 0.38. The business has a 50-day moving average price of $78.23 and a two-hundred day moving average price of $75.00.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $30.73 billion during the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. Equities research analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Announces Dividend

The firm also recently declared a None dividend, which will be paid on Friday, July 12th. Shareholders 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 payout ratio is 22.84%.

Alibaba Group 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.