Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. cut its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 66.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,072 shares of the specialty retailer’s stock after selling 2,098 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Alibaba Group were worth $83,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC lifted its stake in Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 216 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Alibaba Group in the fourth quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in Alibaba Group in the fourth quarter valued at $31,000. Headinvest LLC bought a new stake in Alibaba Group in the third quarter valued at $35,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Alibaba Group in the fourth quarter valued at $32,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 0.0 %

Shares of Alibaba Group stock traded down $0.03 during trading on Tuesday, hitting $74.52. 2,311,954 shares of the stock traded hands, compared to its average volume of 18,059,691. The stock has a market cap of $189.09 billion, a P/E ratio of 17.38, a PEG ratio of 0.45 and a beta of 0.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a fifty day moving average price of $77.77 and a two-hundred day moving average price of $74.93.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The business had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. Equities research analysts predict that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The business also recently announced a None dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 13th will be issued a $1.66 dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 3%. Alibaba Group’s dividend payout ratio (DPR) is currently 22.84%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Benchmark reissued a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Barclays lowered their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Bank of America lifted their target price on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Mizuho lowered their target price on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Loop Capital lifted their target price on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.79.

View Our Latest Stock Report on BABA

Alibaba Group Profile

(Free Report)

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.

See Also

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

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