Galaxy Group Investments LLC Takes Position in Alibaba Group Holding Limited $BABA

Galaxy Group Investments LLC acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 105,150 shares of the specialty retailer’s stock, valued at approximately $15,413,000. Alibaba Group comprises approximately 1.6% of Galaxy Group Investments LLC’s investment portfolio, making the stock its 7th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. raised its position in Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Alibaba Group during the third quarter worth about $30,000. Costello Asset Management INC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $34,000. Palisade Asset Management LLC acquired a new position in shares of Alibaba Group in the third quarter valued at approximately $37,000. Finally, Palladiem LLC bought a new position in Alibaba Group in the 4th quarter valued at approximately $38,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.1%

Shares of Alibaba Group stock opened at $107.22 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $128.75 and a 200 day simple moving average of $142.22. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. The company has a market capitalization of $257.23 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.84 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The firm had revenue of $35.30 billion for the quarter. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s payout ratio is 16.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BABA shares. Mizuho lifted their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. HSBC upped their price target on shares of Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Barclays lifted their price target on shares of Alibaba Group from $186.00 to $195.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Wall Street Zen raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Morgan Stanley raised their target price on Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $188.76.

View Our Latest Stock Report on Alibaba Group

Alibaba Group News Summary

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About Alibaba Group

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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