Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 135.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,536 shares of the specialty retailer’s stock after acquiring an additional 4,333 shares during the period. SageView Advisory Group LLC’s holdings in Alibaba Group were worth $545,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Clearstead Advisors LLC lifted its position in Alibaba Group by 32.9% during the third quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after buying an additional 142 shares during the period. Legacy Advisors LLC lifted its position in Alibaba Group by 1.4% during the fourth quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock worth $826,000 after buying an additional 145 shares during the period. Hexagon Capital Partners LLC lifted its position in Alibaba Group by 2.5% during the fourth quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock worth $517,000 after buying an additional 164 shares during the period. Independent Wealth Network Inc. lifted its position in Alibaba Group by 5.1% during the fourth quarter. Independent Wealth Network Inc. now owns 3,477 shares of the specialty retailer’s stock worth $270,000 after buying an additional 169 shares during the period. Finally, WNY Asset Management LLC lifted its position in Alibaba Group by 3.4% during the fourth quarter. WNY Asset Management LLC now owns 5,858 shares of the specialty retailer’s stock worth $454,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $74.47 on Wednesday. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The business has a 50 day moving average price of $77.80 and a two-hundred day moving average price of $74.93. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. The firm has a market cap of $188.97 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.45 and a beta of 0.38.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $30.59 billion. Sell-side analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The firm 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. The ex-dividend date is Thursday, June 13th. This represents a yield of 3%. Alibaba Group’s dividend payout ratio (DPR) is presently 22.84%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BABA. Truist Financial reduced their target price on Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Bank of America raised their price objective on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Citigroup cut their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Mizuho cut their price objective on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $108.79.

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.