NBC Securities Inc. Has $471,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

NBC Securities Inc. raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,501 shares of the specialty retailer’s stock after purchasing an additional 553 shares during the quarter. NBC Securities Inc.’s holdings in Alibaba Group were worth $471,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Lake Hills Wealth Management LLC increased its stake in shares of Alibaba Group by 86.8% in the first quarter. Lake Hills Wealth Management LLC now owns 5,850 shares of the specialty retailer’s stock worth $423,000 after acquiring an additional 2,719 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth $2,736,000. Accent Capital Management LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth $233,000. Leo Wealth LLC acquired a new position in Alibaba Group during the fourth quarter worth $1,734,000. Finally, MONECO Advisors LLC acquired a new position in Alibaba Group during the fourth quarter worth $388,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Down 0.1 %

BABA stock opened at $74.40 on Friday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a market cap of $188.79 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 0.46 and a beta of 0.38. The business’s 50-day simple moving average is $77.78 and its 200 day simple moving average is $74.92. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping 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 business had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. On average, research analysts anticipate that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Announces Dividend

The business also recently disclosed 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 yield of 3%. The ex-dividend date of this dividend is Thursday, June 13th. Alibaba Group’s payout ratio is 22.84%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley reissued an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. Mizuho lowered their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, May 15th. Bank of America increased their target price 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. Finally, 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 report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.79.

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.