Cooper Financial Group Makes New $715,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Cooper Financial Group purchased a new position in Alibaba Group Holding Limited (NYSE:BABA) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,885 shares of the specialty retailer’s stock, valued at approximately $715,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in shares of Alibaba Group by 64.2% in the first quarter. International Assets Investment Management LLC now owns 16,820 shares of the specialty retailer’s stock worth $1,234,000 after buying an additional 6,575 shares during the last quarter. City State Bank bought a new position in shares of Alibaba Group in the first quarter worth about $837,000. &PARTNERS increased its stake in shares of Alibaba Group by 49.7% in the first quarter. &PARTNERS now owns 3,870 shares of the specialty retailer’s stock worth $284,000 after purchasing an additional 1,284 shares during the period. Executive Wealth Group LLC bought a new position in shares of Alibaba Group in the first quarter worth about $346,000. Finally, Aurora Investment Managers LLC. increased its stake in shares of Alibaba Group by 4.1% in the first quarter. Aurora Investment Managers LLC. now owns 68,786 shares of the specialty retailer’s stock worth $4,977,000 after purchasing an additional 2,709 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a report on Tuesday, April 9th. JPMorgan Chase & Co. cut their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Finally, Truist Financial cut their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Three equities research 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, the stock has an average rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group Trading Up 0.0 %

Shares of BABA opened at $73.69 on Monday. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $77.83 and a 200-day simple moving average of $74.97. The stock has a market cap of $186.99 billion, a PE ratio of 17.17, a PEG ratio of 0.46 and a beta of 0.38.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $30.73 billion for the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 13th will be given 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%.

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.