Alibaba Group Holding Limited (NYSE:BABA) Holdings Lifted by SageView Advisory Group LLC

SageView Advisory Group LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 135.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,536 shares of the specialty retailer’s stock after buying an additional 4,333 shares during the quarter. SageView Advisory Group LLC’s holdings in Alibaba Group were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Primecap Management Co. CA grew its stake in Alibaba Group by 5.1% in the fourth quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock valued at $1,412,618,000 after purchasing an additional 881,710 shares in the last quarter. Sanders Capital LLC grew its stake in Alibaba Group by 5.4% in the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after purchasing an additional 819,019 shares in the last quarter. Morgan Stanley grew its stake in Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after purchasing an additional 1,406,491 shares in the last quarter. FIL Ltd grew its stake in Alibaba Group by 10.2% in the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after purchasing an additional 983,842 shares in the last quarter. Finally, H&H International Investment LLC grew its stake in Alibaba Group by 63.1% in the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock valued at $384,390,000 after purchasing an additional 1,918,730 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

NYSE BABA opened at $74.47 on Wednesday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. 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 stock has a market capitalization of $188.97 billion, a PE ratio of 17.36, a P/E/G ratio of 0.45 and a beta of 0.38. The stock has a 50-day simple moving average of $77.80 and a 200 day simple moving average of $74.93.

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. The firm had revenue of $30.73 billion during the quarter, compared to analysts’ expectations of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. Research analysts anticipate that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Dividend Announcement

The company also recently declared a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be issued a $1.66 dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 3%. Alibaba Group’s dividend payout ratio (DPR) is 22.84%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BABA shares. JPMorgan Chase & Co. reduced their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Citigroup reduced their price target on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Bank of America boosted their price target on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Truist Financial reduced their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Finally, Benchmark reaffirmed a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.79.

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.