Calamos Wealth Management LLC Has $2.24 Million Stake in Alibaba Group Holding Limited $BABA

Calamos Wealth Management LLC trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 92.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,843 shares of the specialty retailer’s stock after selling 225,197 shares during the period. Calamos Wealth Management LLC’s holdings in Alibaba Group were worth $2,239,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. AMG National Trust Bank grew its holdings in shares of Alibaba Group by 2.1% during the first quarter. AMG National Trust Bank now owns 31,089 shares of the specialty retailer’s stock valued at $3,900,000 after buying an additional 633 shares in the last quarter. Objective Capital Management LLC lifted its stake in Alibaba Group by 13.7% in the 1st quarter. Objective Capital Management LLC now owns 1,946 shares of the specialty retailer’s stock worth $244,000 after acquiring an additional 235 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Alibaba Group by 25.3% in the 1st quarter. Bleakley Financial Group LLC now owns 20,573 shares of the specialty retailer’s stock worth $2,581,000 after acquiring an additional 4,153 shares in the last quarter. AMF Tjanstepension AB boosted its position in Alibaba Group by 4.1% during the 1st quarter. AMF Tjanstepension AB now owns 2,206,634 shares of the specialty retailer’s stock worth $276,844,000 after acquiring an additional 86,613 shares during the period. Finally, Triglav Investments D.O.O. boosted its position in Alibaba Group by 90.3% during the 1st quarter. Triglav Investments D.O.O. now owns 54,230 shares of the specialty retailer’s stock worth $6,806,000 after acquiring an additional 25,730 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA stock opened at $112.37 on Tuesday. Alibaba Group Holding Limited has a fifty-two week low of $91.99 and a fifty-two week high of $192.67. The stock’s 50-day moving average is $118.50 and its two-hundred day moving average is $136.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $269.77 billion, a P/E ratio of 18.45, a PEG ratio of 2.07 and a beta of 0.51.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $35.30 billion during the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. Analysts predict that Alibaba Group Holding Limited will post 6.28 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

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

Wall Street Analyst Weigh In

BABA has been the topic of a number of research reports. Susquehanna upped their target price on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a report on Friday, May 15th. DZ Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a report on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a research report on Wednesday, May 27th. HSBC set a $170.00 price objective on shares of Alibaba Group in a research report on Thursday. Finally, Morgan Stanley increased their target price on shares of 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 issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Insider Transactions at Alibaba Group

In other news, CFO Hong Xu sold 175,054 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.15, for a total transaction of $2,126,906.10. Following the transaction, the chief financial officer owned 280,496 shares in the company, valued at $3,408,026.40. This represents a 38.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Fang Jiang sold 4,898 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.09, for a total transaction of $59,216.82. Following the transaction, the insider owned 5,559,511 shares in the company, valued at $67,214,487.99. This represents a 0.09% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 920,303 shares of company stock valued at $70,796,370. Insiders own 12.50% of the company’s stock.

About Alibaba Group

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.