B. Riley Wealth Advisors Inc. Sells 7,307 Shares of Alibaba Group Holding Limited (NYSE:BABA)

B. Riley Wealth Advisors Inc. lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 31.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,639 shares of the specialty retailer’s stock after selling 7,307 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Alibaba Group were worth $1,228,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers lifted its position in Alibaba Group by 1.9% during the third quarter. Rhumbline Advisers now owns 24,034 shares of the specialty retailer’s stock worth $2,085,000 after acquiring an additional 446 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Alibaba Group in the 3rd quarter valued at $790,000. Envestnet Asset Management Inc. increased its position in Alibaba Group by 39.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 422,735 shares of the specialty retailer’s stock worth $36,668,000 after buying an additional 119,842 shares during the period. Brandywine Global Investment Management LLC boosted its position in shares of Alibaba Group by 10.7% in the third quarter. Brandywine Global Investment Management LLC now owns 153,208 shares of the specialty retailer’s stock valued at $13,289,000 after acquiring an additional 14,790 shares during the period. Finally, LPL Financial LLC grew its stake in shares of Alibaba Group by 3.6% in the third quarter. LPL Financial LLC now owns 313,839 shares of the specialty retailer’s stock valued at $27,222,000 after acquiring an additional 10,853 shares in the last quarter. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of analyst reports. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Mizuho cut their target price on Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Citigroup dropped their price target on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Benchmark reissued a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a report on Wednesday, May 15th. Finally, Bank of America increased their price target on shares of Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group Price Performance

Shares of NYSE BABA opened at $74.46 on Thursday. 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 company has a market capitalization of $188.94 billion, a PE ratio of 17.36, a P/E/G ratio of 0.46 and a beta of 0.38. The firm has a fifty day simple moving average of $77.79 and a 200 day simple moving average of $74.93. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $30.59 billion. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be given a dividend of $1.66 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio (DPR) is 22.84%.

About Alibaba Group

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.