Integrated Advisors Network LLC Sells 309 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Integrated Advisors Network LLC decreased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,806 shares of the specialty retailer’s stock after selling 309 shares during the period. Integrated Advisors Network LLC’s holdings in Alibaba Group were worth $373,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Primecap Management Co. CA raised its stake in shares of Alibaba Group by 5.1% during 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 acquiring an additional 881,710 shares during the last quarter. Sanders Capital LLC raised its stake in shares of Alibaba Group by 5.4% during 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 acquiring an additional 819,019 shares during the last quarter. Morgan Stanley raised its stake in shares of Alibaba Group by 13.8% during the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after acquiring an additional 1,406,491 shares during the last quarter. FIL Ltd raised its stake in shares of Alibaba Group by 10.2% during the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after acquiring an additional 983,842 shares during the last quarter. Finally, H&H International Investment LLC raised its stake in shares of Alibaba Group by 63.1% during 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 acquiring an additional 1,918,730 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BABA. Bank of America raised their price target 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. Loop Capital lifted their target price on shares of Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Citigroup lowered their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Barclays lowered their target price on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Finally, Mizuho lowered their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group Stock Down 0.1 %

Shares of NYSE BABA opened at $74.47 on Wednesday. The stock 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 company has a 50-day moving average price of $77.80 and a 200-day moving average price of $74.93. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.44% and a return on equity of 12.70%. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be issued a dividend of $1.66 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio is currently 22.84%.

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.