JTC Employer Solutions Trustee Ltd Has $287,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

JTC Employer Solutions Trustee Ltd increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 20.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,014 shares of the specialty retailer’s stock after purchasing an additional 682 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Alibaba Group were worth $287,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Baystate Wealth Management LLC lifted its position 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 valued at $26,000 after buying an additional 216 shares during the last quarter. EdgeRock Capital LLC bought a new position in Alibaba Group during the fourth quarter worth $26,000. Anchor Investment Management LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at $31,000. Register Financial Advisors LLC bought a new position in shares of Alibaba Group in the first quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on BABA shares. Bank of America upped 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 price target on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Barclays dropped their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Finally, Mizuho lowered their price target on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.79.

Alibaba Group Price Performance

NYSE:BABA traded up $1.91 on Wednesday, hitting $75.59. The company had a trading volume of 11,768,015 shares, compared to its average volume of 17,653,777. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week 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. The stock has a market capitalization of $191.81 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 0.44 and a beta of 0.33. The firm has a 50 day moving average of $78.29 and a two-hundred day moving average of $75.02.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data 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. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The company had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. On average, research analysts anticipate that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Dividend Announcement

The company 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 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.