SVB Wealth LLC Purchases 15,085 Shares of Alibaba Group Holding Limited (NYSE:BABA)

SVB Wealth LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 252.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,057 shares of the specialty retailer’s stock after purchasing an additional 15,085 shares during the period. SVB Wealth LLC’s holdings in Alibaba Group were worth $1,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maple Rock Capital Partners Inc. increased its stake in shares of Alibaba Group by 15.6% in the first quarter. Maple Rock Capital Partners Inc. now owns 953,400 shares of the specialty retailer’s stock valued at $68,988,000 after buying an additional 128,800 shares during the period. Compass Rose Asset Management LP bought a new stake in Alibaba Group in the first quarter valued at approximately $21,708,000. Shah Capital Management acquired a new stake in Alibaba Group during the 1st quarter valued at approximately $2,152,000. LRI Investments LLC bought a new position in Alibaba Group during the 1st quarter worth approximately $175,000. Finally, 1832 Asset Management L.P. lifted its position in shares of Alibaba Group by 277.5% in the 1st quarter. 1832 Asset Management L.P. now owns 80,488 shares of the specialty retailer’s stock worth $5,824,000 after purchasing an additional 59,167 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Morgan Stanley restated an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Bank of America lifted their price objective on shares of Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Jefferies Financial Group restated a “buy” rating and issued a $116.00 target price on shares of Alibaba Group in a research note on Friday. Finally, Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.19.

Alibaba Group Stock Down 0.0 %

Shares of NYSE:BABA traded down $0.02 during midday trading on Tuesday, reaching $78.60. The company’s stock had a trading volume of 2,591,256 shares, compared to its average volume of 16,875,068. The firm has a market capitalization of $199.45 billion, a P/E ratio of 18.30, a PEG ratio of 0.47 and a beta of 0.33. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The firm has a 50 day moving average of $76.93 and a 200-day moving average of $75.25.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results 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 the consensus estimate 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 anticipate that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Announces Dividend

The company also recently declared a None dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 13th were paid a $1.66 dividend. This represents a yield of 3%. The ex-dividend date was Thursday, June 13th. Alibaba Group’s payout ratio is 22.84%.

Alibaba Group Company Profile

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.