Fideuram Asset Management Ireland dac Takes $1.08 Million Position in Alibaba Group Holding Limited $BABA

Fideuram Asset Management Ireland dac bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm bought 7,700 shares of the specialty retailer’s stock, valued at approximately $1,076,000.

Several other institutional investors have also made changes to their positions in the business. ARK Investment Management LLC bought a new position in Alibaba Group during the 3rd quarter valued at about $37,565,000. Great Hill Capital LLC bought a new position in Alibaba Group during the 3rd quarter valued at about $2,207,000. Jennison Associates LLC lifted its holdings in Alibaba Group by 11.9% during the 4th quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock valued at $7,950,000 after purchasing an additional 5,760 shares during the last quarter. Thornburg Investment Management Inc. lifted its holdings in Alibaba Group by 14.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 553,384 shares of the specialty retailer’s stock valued at $98,906,000 after purchasing an additional 69,232 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Alibaba Group by 61.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 50,123 shares of the specialty retailer’s stock valued at $7,347,000 after purchasing an additional 19,169 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. HSBC lifted their price target on shares of Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. Nomura lifted their price target on shares of Alibaba Group from $200.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wall Street Zen raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $188.76.

Check Out Our Latest Stock Report on BABA

Alibaba Group Trading Down 1.5%

Shares of NYSE BABA opened at $124.27 on Friday. Alibaba Group Holding Limited has a 1-year low of $103.71 and a 1-year high of $192.67. The company has a market cap of $298.13 billion, a PE ratio of 20.41, a P/E/G ratio of 2.19 and a beta of 0.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $130.81 and a two-hundred day moving average of $146.52.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The company had revenue of $35.30 billion during the quarter. As a group, equities analysts expect that Alibaba Group Holding Limited will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 72.0%. Alibaba Group’s payout ratio is currently 16.91%.

Key Headlines Impacting Alibaba Group

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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