WCG Wealth Advisors LLC Invests $6.91 Million in Alibaba Group Holding Limited $BABA

WCG Wealth Advisors LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 47,142 shares of the specialty retailer’s stock, valued at approximately $6,910,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. boosted its stake in shares of Alibaba Group by 101.4% during the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares during the period. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $30,000. Palisade Asset Management LLC bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $37,000. Costello Asset Management INC bought a new position in shares of Alibaba Group during the 4th quarter worth approximately $34,000. Finally, Key Financial Inc boosted its stake in shares of Alibaba Group by 316.9% during the 4th quarter. Key Financial Inc now owns 271 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 206 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group News Summary

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

Alibaba Group Stock Performance

NYSE:BABA opened at $127.49 on Thursday. The stock has a fifty day moving average price of $131.01 and a 200-day moving average price of $145.72. The company has a market cap of $305.87 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 2.24 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. Alibaba Group Holding Limited has a fifty-two week low of $103.71 and a fifty-two week high of $192.67.

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

Alibaba Group Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 72.0%. Alibaba Group’s payout ratio is 15.60%.

Wall Street Analyst Weigh In

BABA has been the subject of several research analyst reports. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Susquehanna boosted their price target on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Mizuho boosted their price target on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Barclays boosted their price target on Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Read Our Latest Stock Report 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.

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

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