Titan Investment Solutions Ltd Makes New $5.67 Million Investment in Alibaba Group Holding Limited $BABA

Titan Investment Solutions Ltd bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 38,699 shares of the specialty retailer’s stock, valued at approximately $5,672,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ARK Investment Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $37,565,000. Great Hill Capital LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at $2,207,000. Jennison Associates LLC grew its holdings in shares of Alibaba Group by 11.9% in the 4th quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock valued at $7,950,000 after buying an additional 5,760 shares during the period. Thornburg Investment Management Inc. grew its holdings in shares of Alibaba Group by 14.3% in the 3rd quarter. Thornburg Investment Management Inc. now owns 553,384 shares of the specialty retailer’s stock valued at $98,906,000 after buying an additional 69,232 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Alibaba Group in the 4th quarter valued at $21,266,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

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Alibaba Group Trading Up 0.0%

Shares of NYSE:BABA opened at $112.71 on Friday. The company’s 50-day moving average price is $130.07 and its two-hundred day moving average price is $143.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. Alibaba Group Holding Limited has a one year low of $103.71 and a one year high of $192.67. The stock has a market capitalization of $270.39 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.93 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS 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 for the quarter. On average, equities analysts forecast 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. Shareholders of record on Thursday, June 11th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s payout ratio is 16.91%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BABA shares. 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 report on Thursday, May 14th. Susquehanna boosted their price objective on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research report on Friday, May 15th. HSBC boosted their price objective on shares of Alibaba Group from $172.00 to $180.00 in a research report on Thursday, May 14th. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Freedom Capital raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $188.76.

View Our Latest Report on Alibaba Group

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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