Alibaba Group Holding Limited $BABA Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC cut its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 1.3% in the 4th quarter, HoldingsChannel reports. The fund owned 329,018 shares of the specialty retailer’s stock after selling 4,447 shares during the period. Todd Asset Management LLC’s holdings in Alibaba Group were worth $48,228,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BABA. Ameriflex Group Inc. raised its holdings in Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 72 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Alibaba Group in the 3rd quarter valued at $30,000. Costello Asset Management INC acquired a new position in Alibaba Group in the 4th quarter valued at $34,000. Palisade Asset Management LLC acquired a new position in Alibaba Group in the 3rd quarter valued at $37,000. Finally, GAMMA Investing LLC raised its holdings in Alibaba Group by 107.7% in the 4th quarter. GAMMA Investing LLC now owns 324 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 168 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Up 0.0%

Shares of Alibaba Group stock opened at $130.02 on Monday. The company has a fifty day moving average price of $131.59 and a 200 day moving average price of $147.73. The company has a current ratio of 1.28, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a twelve month low of $103.71 and a twelve month high of $192.67. The stock has a market cap of $311.91 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The firm had revenue of $35.30 billion during the quarter. Equities research analysts forecast that Alibaba Group Holding Limited will post 6.67 earnings per share 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. Investors of record on Thursday, June 11th will be given a dividend of $1.05 per share. This represents a yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio is 15.60%.

Trending Headlines about Alibaba Group

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna boosted their price target on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a report on Friday, May 15th. Weiss Ratings downgraded Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Argus upgraded Alibaba Group to a “hold” rating in a report on Tuesday, March 24th. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Finally, Barclays boosted their price objective on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $188.76.

Read Our Latest Stock Report on Alibaba Group

About Alibaba Group

(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 Stories

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.