728,800 Shares in Alibaba Group Holding Limited $BABA Bought by Bbfit Investments PTE Ltd.

Bbfit Investments PTE Ltd. acquired a new position in Alibaba Group Holding Limited (NYSE:BABAFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 728,800 shares of the specialty retailer’s stock, valued at approximately $106,828,000. Alibaba Group makes up 10.7% of Bbfit Investments PTE Ltd.’s holdings, making the stock its 3rd largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriflex Group Inc. raised its position in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Alibaba Group in the third quarter worth $30,000. Palisade Asset Management LLC purchased a new stake in shares of Alibaba Group in the third quarter worth $37,000. Costello Asset Management INC purchased a new stake in shares of Alibaba Group in the fourth quarter worth $34,000. Finally, Palladiem LLC purchased a new stake in shares of Alibaba Group in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

More Alibaba Group News

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Stock Down 3.2%

BABA opened at $107.45 on Thursday. The company has a market cap of $257.79 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.90 and a beta of 0.47. The business’s 50-day moving average price is $129.36 and its 200-day moving average price is $142.81. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 12 month low of $103.71 and a 12 month high of $192.67.

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

Alibaba Group Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is presently 16.91%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BABA. DZ Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a research report on Friday, March 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a research report on Wednesday, May 27th. HSBC raised their price target on Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Jefferies Financial Group lowered their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Finally, Robert W. Baird lowered their price target on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $188.76.

Get Our Latest Analysis on BABA

Alibaba Group Profile

(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.

See Also

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.