Chicago Partners Investment Group LLC Sells 162 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Chicago Partners Investment Group LLC cut its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,703 shares of the specialty retailer’s stock after selling 162 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Alibaba Group were worth $203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC raised its stake in Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 216 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in Alibaba Group in the fourth quarter valued at about $26,000. Anchor Investment Management LLC purchased a new stake in Alibaba Group in the fourth quarter valued at about $31,000. LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group in the fourth quarter valued at about $32,000. Finally, Headinvest LLC purchased a new stake in Alibaba Group in the third quarter valued at about $35,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BABA has been the topic of a number of research reports. 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 report on Tuesday, April 9th. Mizuho cut their price objective on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Barclays cut their price objective on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Citigroup cut their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Truist Financial cut their price objective on Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Stock Performance

Shares of BABA stock opened at $74.47 on Wednesday. The company has a market capitalization of $188.97 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.45 and a beta of 0.38. The business’s 50 day moving average is $77.80 and its two-hundred day moving average is $74.93. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. The business had revenue of $30.73 billion for 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%. Analysts expect that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Announces Dividend

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

Alibaba Group Company 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.