Eurizon Capital SGR S.p.A. Takes $21.27 Million Position in Alibaba Group Holding Limited $BABA

Eurizon Capital SGR S.p.A. bought a new stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 144,958 shares of the specialty retailer’s stock, valued at approximately $21,266,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. lifted its position in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 72 shares in the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in Alibaba Group during the third quarter worth approximately $30,000. Palisade Asset Management LLC purchased a new position in Alibaba Group during the third quarter worth approximately $37,000. Costello Asset Management INC purchased a new position in Alibaba Group during the fourth quarter worth approximately $34,000. Finally, Key Financial Inc lifted its position in Alibaba Group by 316.9% during the fourth quarter. Key Financial Inc now owns 271 shares of the specialty retailer’s stock worth $40,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

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Alibaba Group Price Performance

BABA stock opened at $124.27 on Friday. The business has a fifty day moving average of $130.81 and a two-hundred day moving average of $146.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $298.13 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. Alibaba Group Holding Limited has a 52-week low of $103.71 and a 52-week high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last posted its 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 return on equity of 4.76% and a net margin of 10.31%. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 6.67 earnings per share for the current year.

Alibaba Group Dividend Announcement

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

Analysts Set New Price Targets

BABA has been the topic of a number of analyst reports. Erste Group Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Susquehanna lifted their price objective on Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Nomura lifted their price objective on Alibaba Group from $200.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. lifted their price objective on Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Robert W. Baird reduced their price objective on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $188.76.

View Our Latest Research 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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