Calton & Associates Inc. Buys 196 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Calton & Associates Inc. grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 4.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,263 shares of the specialty retailer’s stock after purchasing an additional 196 shares during the quarter. Calton & Associates Inc.’s holdings in Alibaba Group were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BABA. Baystate Wealth Management LLC increased its position in shares of Alibaba Group by 184.6% during the 4th 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 last quarter. EdgeRock Capital LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $31,000. Register Financial Advisors LLC purchased a new stake in Alibaba Group in the 1st quarter worth approximately $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Citigroup reduced their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Loop Capital increased their price objective on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Stock Down 0.5 %

NYSE BABA opened at $72.02 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $182.75 billion, a P/E ratio of 16.79, a P/E/G ratio of 0.45 and a beta of 0.38. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The stock has a 50 day moving average price of $78.23 and a 200-day moving average price of $74.98.

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

Alibaba Group Dividend Announcement

The business 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 $1.66 dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 3%. Alibaba Group’s dividend payout ratio 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.