Intellectus Partners LLC Has $3.29 Million Stake in Alibaba Group Holding Limited $BABA

Intellectus Partners LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 17.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 22,428 shares of the specialty retailer’s stock after selling 4,600 shares during the period. Intellectus Partners LLC’s holdings in Alibaba Group were worth $3,287,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BABA. Northwestern Mutual Wealth Management Co. increased its holdings in Alibaba Group by 7,680.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after buying an additional 5,936,847 shares during the last quarter. Capital World Investors increased its holdings in Alibaba Group by 1,074.9% during the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after buying an additional 5,524,354 shares during the last quarter. Norges Bank acquired a new position in Alibaba Group during the fourth quarter worth $594,477,000. Artisan Partners Limited Partnership acquired a new position in Alibaba Group during the third quarter worth $290,208,000. Finally, Trivest Advisors Ltd acquired a new position in Alibaba Group during the third quarter worth $202,126,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Alibaba Group

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

Analyst Ratings Changes

A number of equities analysts have commented on BABA shares. Mizuho lifted their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. DZ Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a research report on Friday, March 20th. Morgan Stanley lifted their price objective on shares of Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. HSBC lifted their price objective on shares of Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Finally, Nomura lifted their price objective on shares of Alibaba Group from $200.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.76.

Check Out Our Latest Research Report on Alibaba Group

Alibaba Group Trading Down 2.5%

BABA stock opened at $127.49 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The company has a fifty day moving average price of $131.01 and a two-hundred day moving average price of $145.72. Alibaba Group Holding Limited has a one year low of $103.71 and a one year high of $192.67. The stock has a market cap of $305.87 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last announced its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. Equities analysts anticipate that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be given a $1.05 dividend. This represents a dividend yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s payout ratio is presently 15.60%.

Alibaba Group Company 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.

Further Reading

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

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