1,205 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Crewe Advisors LLC

Crewe Advisors LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the first quarter, Holdings Channel reports. The institutional investor bought 1,205 shares of the specialty retailer’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BABA. Pacer Advisors Inc. acquired a new position in Alibaba Group in the 4th quarter worth $1,449,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth about $544,000. PFG Investments LLC increased its stake in shares of Alibaba Group by 35.9% during the fourth quarter. PFG Investments LLC now owns 3,792 shares of the specialty retailer’s stock worth $294,000 after purchasing an additional 1,001 shares during the period. Highland Capital Management LLC boosted its position in shares of Alibaba Group by 5.1% in the fourth quarter. Highland Capital Management LLC now owns 6,190 shares of the specialty retailer’s stock valued at $480,000 after acquiring an additional 300 shares during the period. Finally, IFG Advisory LLC grew its position in Alibaba Group by 147.6% during the fourth quarter. IFG Advisory LLC now owns 29,846 shares of the specialty retailer’s stock worth $2,313,000 after buying an additional 17,792 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Price Performance

BABA stock traded up $0.16 during trading on Friday, hitting $75.56. The stock had a trading volume of 3,228,688 shares, compared to its average volume of 16,914,053. The company’s 50 day moving average price is $77.36 and its two-hundred day moving average price is $75.13. 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 market cap of $191.73 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 0.47 and a beta of 0.33. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $102.50.

Alibaba Group (NYSE:BABA) last released its earnings results 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. The firm had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. On average, sell-side 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 announced a None dividend, which was paid on Friday, July 12th. Shareholders of record on Thursday, June 13th were given a $1.66 dividend. This represents a yield of 3%. The ex-dividend date of this dividend was Thursday, June 13th. Alibaba Group’s dividend payout ratio is 22.84%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Loop Capital increased their target price on Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Bank of America lifted their price target on Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, May 15th. Mizuho reduced 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. Finally, Barclays decreased their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.