8,136 Shares in Alibaba Group Holding Limited $BABA Acquired by Dorsey Wright & Associates

Dorsey Wright & Associates bought a new position in Alibaba Group Holding Limited (NYSE:BABAFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,136 shares of the specialty retailer’s stock, valued at approximately $1,193,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BABA. Capital World Investors lifted its holdings in shares of Alibaba Group by 7.7% in the 4th quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock worth $953,527,000 after acquiring an additional 466,847 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Alibaba Group by 7,680.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after purchasing an additional 5,936,847 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Alibaba Group by 0.8% during the 4th quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock valued at $782,135,000 after purchasing an additional 42,297 shares during the last quarter. Norges Bank purchased a new position in Alibaba Group in the 4th quarter worth $594,477,000. Finally, American Century Companies Inc. raised its position in Alibaba Group by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock worth $533,964,000 after purchasing an additional 448,484 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group News Roundup

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

Analyst Ratings Changes

BABA has been the subject of several analyst reports. Barclays upped their price target 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. BNP Paribas Exane started coverage on Alibaba Group in a report on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 price objective on the stock. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Freedom Capital raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Morgan Stanley increased their target price on Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $188.76.

View Our Latest Stock Report on Alibaba Group

Alibaba Group Trading Down 0.2%

Shares of BABA opened at $107.22 on Friday. The stock has a market capitalization of $257.23 billion, a P/E ratio of 17.61, a PEG ratio of 1.84 and a beta of 0.47. Alibaba Group Holding Limited has a twelve month low of $103.71 and a twelve month high of $192.67. 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 firm has a fifty day simple moving average of $129.11 and a two-hundred day simple moving average of $142.46.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. On average, research analysts anticipate that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is presently 16.91%.

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.

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

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