Alibaba Group Holding Limited (NYSE:BABA) Stock Holdings Lessened by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 47.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,412 shares of the specialty retailer’s stock after selling 3,945 shares during the period. Park Avenue Securities LLC’s holdings in Alibaba Group were worth $319,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC increased its stake in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 216 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth about $26,000. Anchor Investment Management LLC acquired a new stake in shares of Alibaba Group during the 4th quarter valued at about $31,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $32,000. Finally, Headinvest LLC acquired a new position in Alibaba Group in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.5 %

NYSE BABA opened at $72.00 on Monday. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The stock has a market cap of $182.70 billion, a PE ratio of 16.78, a PEG ratio of 0.44 and a beta of 0.38. The firm has a 50-day simple moving average of $78.23 and a 200 day simple moving average of $75.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. The company had revenue of $30.73 billion for the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. On average, research analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current 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 paid a $1.66 dividend. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio is 22.84%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BABA. Bank of America lifted their target price 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. Citigroup lowered their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Loop Capital boosted their price target on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Mizuho decreased their price target on Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note 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 research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently 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.