Foguth Wealth Management LLC. Purchases New Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Foguth Wealth Management LLC. purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,532 shares of the specialty retailer’s stock, valued at approximately $256,000.

Several other hedge funds have also made changes to their positions in the company. Viewpoint Capital Management LLC lifted its position in shares of Alibaba Group by 40.0% in the 1st quarter. Viewpoint Capital Management LLC now owns 3,674 shares of the specialty retailer’s stock valued at $266,000 after acquiring an additional 1,050 shares in the last quarter. AMF Tjanstepension AB lifted its position in Alibaba Group by 79.8% in the 1st quarter. AMF Tjanstepension AB now owns 1,454,405 shares of the specialty retailer’s stock worth $105,241,000 after buying an additional 645,370 shares in the last quarter. Calton & Associates Inc. lifted its position in Alibaba Group by 4.8% in the 1st quarter. Calton & Associates Inc. now owns 4,263 shares of the specialty retailer’s stock worth $308,000 after buying an additional 196 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in Alibaba Group in the 1st quarter worth approximately $31,000. Finally, 180 Wealth Advisors LLC lifted its position in Alibaba Group by 17.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 7,609 shares of the specialty retailer’s stock worth $551,000 after buying an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA stock traded down $0.37 during trading on Friday, hitting $72.00. 10,334,974 shares of the stock traded hands, compared to its average volume of 12,350,396. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The stock has a market cap of $182.70 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 0.45 and a beta of 0.38. The company has a 50 day simple moving average of $78.23 and a 200 day simple moving average of $75.00. 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 announced its quarterly 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. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm had revenue of $30.73 billion during the quarter, compared to the consensus estimate of $30.59 billion. Equities analysts expect that Alibaba Group Holding Limited will post 6.96 EPS 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 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 presently 22.84%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BABA shares. Loop Capital increased their target price on shares of Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price target on shares of Alibaba Group in a report on Tuesday, April 9th. 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 report on Thursday, May 16th. Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Finally, Citigroup cut their price target on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target 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.