Alibaba Group Holding Limited (NYSE:BABA) Stake Boosted by SRN Advisors LLC

SRN Advisors LLC increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 76.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,259 shares of the specialty retailer’s stock after buying an additional 9,663 shares during the quarter. Alibaba Group comprises 1.3% of SRN Advisors LLC’s portfolio, making the stock its 22nd largest holding. SRN Advisors LLC’s holdings in Alibaba Group were worth $1,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its position in Alibaba Group by 82.7% in the fourth quarter. AdvisorNet Financial Inc now owns 3,137 shares of the specialty retailer’s stock worth $243,000 after purchasing an additional 1,420 shares during the period. Richard W. Paul & Associates LLC lifted its position in Alibaba Group by 13,421.0% in the fourth quarter. Richard W. Paul & Associates LLC now owns 13,521 shares of the specialty retailer’s stock worth $1,048,000 after purchasing an additional 13,421 shares during the period. Ballentine Partners LLC lifted its position in Alibaba Group by 16.1% in the fourth quarter. Ballentine Partners LLC now owns 10,262 shares of the specialty retailer’s stock worth $795,000 after purchasing an additional 1,420 shares during the period. International Assets Investment Management LLC lifted its position in Alibaba Group by 20,720.4% in the fourth quarter. International Assets Investment Management LLC now owns 794,090 shares of the specialty retailer’s stock worth $615,500,000 after purchasing an additional 790,276 shares during the period. Finally, GFS Advisors LLC lifted its position in Alibaba Group by 2.2% in the fourth quarter. GFS Advisors LLC now owns 138,648 shares of the specialty retailer’s stock worth $10,747,000 after purchasing an additional 3,040 shares during the period. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a research report on Tuesday, April 9th. Bank of America upped their price objective 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. Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Barclays lowered their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Finally, Truist Financial reduced their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.19.

Alibaba Group Stock Performance

Shares of BABA traded down $0.53 during trading hours on Friday, reaching $77.45. 10,808,670 shares of the company traded hands, compared to its average volume of 11,571,749. The stock has a market cap of $196.53 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. 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 Holding Limited has a 1-year low of $66.63 and a 1-year high of $101.84. The stock’s fifty day moving average is $76.56 and its 200 day moving average is $75.41.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The business had revenue of $30.73 billion for the quarter, compared to analysts’ expectations of $30.59 billion. Equities research analysts anticipate that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The business also recently declared 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 (DPR) is 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.