Twin Focus Capital Partners LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Twin Focus Capital Partners LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,002 shares of the specialty retailer’s stock, valued at approximately $543,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. Baystate Wealth Management LLC grew its position in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 216 shares during the period. EdgeRock Capital LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $26,000. Anchor Investment Management LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $31,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $32,000. Finally, Headinvest LLC purchased a new stake in shares of Alibaba Group in the third quarter valued at $35,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Loop Capital boosted their price target on Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Benchmark reissued a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research report on Wednesday, May 15th. Truist Financial lowered their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Citigroup lowered their price target on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Bank of America boosted their price target on Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.79.

Alibaba Group Trading Down 3.1 %

NYSE:BABA opened at $73.35 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The business’s 50-day simple moving average is $77.71 and its 200 day simple moving average is $74.93. The stock has a market cap of $186.13 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 0.45 and a beta of 0.38.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The firm had revenue of $30.73 billion for the quarter, compared to analysts’ expectations of $30.59 billion. As a group, sell-side analysts predict that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The company also recently disclosed a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be paid a dividend of $1.66 per share. This represents a yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s payout ratio is currently 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.