Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Calton & Associates Inc.

Calton & Associates Inc. raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 4.8% in the first quarter, HoldingsChannel reports. The fund owned 4,263 shares of the specialty retailer’s stock after purchasing an additional 196 shares during the period. Calton & Associates Inc.’s holdings in Alibaba Group were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of BABA. Baystate Wealth Management LLC lifted its holdings 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 acquiring an additional 216 shares during the period. EdgeRock Capital LLC acquired a new position in Alibaba Group in the fourth quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $31,000. Register Financial Advisors LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at approximately $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Alibaba Group in the fourth quarter valued at approximately $32,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Down 0.5 %

Shares of BABA opened at $72.02 on Friday. 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 50 day moving average price of $78.23 and a 200 day moving average price of $74.98. The stock has a market capitalization of $182.75 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.45 and a beta of 0.38. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50.

Alibaba Group (NYSE:BABA) last issued its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The company 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%. Equities research analysts forecast that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The business also recently announced 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. This represents a yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s payout ratio is currently 22.84%.

Analyst Ratings Changes

A number of analysts have recently commented on BABA shares. JPMorgan Chase & Co. cut their price objective 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. Barclays cut their price objective on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Morgan Stanley restated an “equal weight” rating and issued a $85.00 price objective on shares of Alibaba Group in a research report on Tuesday, April 9th. Loop Capital boosted their price objective on Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, Bank of America boosted their price objective on Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.