Snowden Capital Advisors LLC Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Snowden Capital Advisors LLC reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,178 shares of the specialty retailer’s stock after selling 1,429 shares during the period. Snowden Capital Advisors LLC’s holdings in Alibaba Group were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Raiffeisen Bank International AG purchased a new position in shares of Alibaba Group in the fourth quarter worth about $748,000. Point72 Hong Kong Ltd lifted its stake in shares of Alibaba Group by 1,632.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 545,257 shares of the specialty retailer’s stock worth $46,232,000 after buying an additional 513,781 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Alibaba Group by 15.0% in the fourth quarter. Quantinno Capital Management LP now owns 22,612 shares of the specialty retailer’s stock worth $1,917,000 after buying an additional 2,953 shares in the last quarter. Parkwood LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth about $5,014,000. Finally, Patient Capital Management LLC lifted its stake in shares of Alibaba Group by 4.7% in the fourth quarter. Patient Capital Management LLC now owns 689,712 shares of the specialty retailer’s stock worth $58,481,000 after buying an additional 30,986 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BABA has been the topic of several research reports. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Barclays lifted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Loop Capital set a $176.00 target price on shares of Alibaba Group in a research note on Friday. Finally, Bank of America lifted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $154.21.

Alibaba Group Price Performance

Shares of BABA opened at $123.37 on Monday. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The stock has a market cap of $294.59 billion, a PE ratio of 17.83, a P/E/G ratio of 0.61 and a beta of 0.24. The firm has a 50-day simple moving average of $123.38 and a two-hundred day simple moving average of $107.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The company had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. As a group, analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Alibaba Group Cuts Dividend

The business also recently declared a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group’s dividend payout ratio is presently 13.15%.

Alibaba Group Profile

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.