Alibaba Group Holding Limited (NYSE:BABA) Stake Boosted by Bayesian Capital Management LP

Bayesian Capital Management LP increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1,943.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,634 shares of the specialty retailer’s stock after acquiring an additional 254,534 shares during the period. Alibaba Group comprises approximately 2.2% of Bayesian Capital Management LP’s portfolio, making the stock its 3rd biggest holding. Bayesian Capital Management LP’s holdings in Alibaba Group were worth $20,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BABA. Baystate Wealth Management LLC raised its stake 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 worth $26,000 after purchasing an additional 216 shares in the last quarter. EdgeRock Capital LLC bought a new position in Alibaba Group during the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new stake in Alibaba Group in the fourth quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA bought a new stake in Alibaba Group in the fourth quarter worth approximately $32,000. Finally, Headinvest LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BABA shares. Bank of America lifted their price objective on shares of Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. JPMorgan Chase & Co. cut their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, Loop Capital lifted their price target on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Stock Performance

NYSE:BABA opened at $78.03 on Thursday. 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 firm’s 50-day moving average is $77.60 and its 200-day moving average is $74.96. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $102.50. The company has a market cap of $198.00 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 0.49 and a beta of 0.38.

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

Alibaba Group Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be paid 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 is currently 22.84%.

Alibaba Group Profile

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.