Troluce Capital Advisors LLC Buys New Position in Alibaba Group Holding Limited $BABA

Troluce Capital Advisors LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) during the first quarter, HoldingsChannel reports. The fund bought 25,000 shares of the specialty retailer’s stock, valued at approximately $3,136,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hoey Investments Inc. grew its position in Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Costello Asset Management INC acquired a new stake in shares of Alibaba Group in the 4th quarter worth $34,000. Palisade Asset Management LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter worth $37,000. Palladiem LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $38,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Alibaba Group by 15,000.0% during the first quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 0.1%

Shares of BABA opened at $112.26 on Monday. 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 firm’s 50-day moving average is $114.46 and its two-hundred day moving average is $133.92. Alibaba Group Holding Limited has a twelve month low of $91.99 and a twelve month high of $192.67. The firm has a market capitalization of $269.09 billion, a P/E ratio of 18.43, a PEG ratio of 2.07 and a beta of 0.51.

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

Alibaba Group Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, July 13th. Investors of record on Thursday, June 11th were paid a $1.05 dividend. 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%.

Analyst Ratings Changes

A number of brokerages recently commented on BABA. Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a research report on Wednesday, May 27th. HSBC set a $170.00 target price on Alibaba Group in a research report on Thursday, July 9th. Zacks Research raised Alibaba Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Freedom Capital upgraded Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Susquehanna upped their price objective on Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $186.90.

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Alibaba Group News Summary

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

Insider Activity

In other Alibaba Group news, insider Fang Jiang sold 4,898 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $12.09, for a total value of $59,216.82. Following the sale, the insider owned 5,559,511 shares of the company’s stock, valued at approximately $67,214,487.99. This represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Fan (Fj) Jiang sold 13,579 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $164,305.90. Following the completion of the transaction, the chief executive officer owned 556,617 shares of the company’s stock, valued at approximately $6,735,065.70. This represents a 2.38% 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. Insiders sold a total of 920,303 shares of company stock valued at $70,796,370 in the last 90 days. Insiders own 12.50% of the company’s stock.

Alibaba Group Company 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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