Kera Capital Partners Inc. Purchases Shares of 25,975 Alibaba Group Holding Limited $BABA

Kera Capital Partners Inc. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 25,975 shares of the specialty retailer’s stock, valued at approximately $3,807,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Alibaba Group by 7,680.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after purchasing an additional 5,936,847 shares in the last quarter. Capital World Investors increased its holdings in Alibaba Group by 1,074.9% in the third quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock worth $1,079,229,000 after purchasing an additional 5,524,354 shares in the last quarter. Norges Bank acquired a new position in Alibaba Group in the fourth quarter valued at approximately $594,477,000. Artisan Partners Limited Partnership bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $290,208,000. Finally, Trivest Advisors Ltd bought a new stake in shares of Alibaba Group in the 3rd quarter valued at $202,126,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. DZ Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a research note on Friday, March 20th. Robert W. Baird dropped their price objective on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. BNP Paribas Exane began coverage on shares of Alibaba Group in a research report on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price objective on the stock. Finally, Jefferies Financial Group reduced their target price on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Read Our Latest Stock Analysis on Alibaba Group

Alibaba Group Stock Performance

NYSE BABA opened at $107.22 on Friday. The company has a fifty day simple moving average of $129.11 and a 200 day simple moving average of $142.46. Alibaba Group Holding Limited has a 12-month low of $103.71 and a 12-month high of $192.67. 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 company has a market cap of $257.23 billion, a P/E ratio of 17.61, a PEG ratio of 1.84 and a beta of 0.47.

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

Alibaba Group Dividend Announcement

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

Alibaba Group News Roundup

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

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.

Featured Articles

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.