Verde Servicos Internacionais S.A. Has $13.22 Million Position in Alibaba Group Holding Limited $BABA

Verde Servicos Internacionais S.A. boosted its position in Alibaba Group Holding Limited (NYSE:BABA) by 17.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,377 shares of the specialty retailer’s stock after buying an additional 15,805 shares during the quarter. Alibaba Group makes up approximately 4.1% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 8th biggest position. Verde Servicos Internacionais S.A.’s holdings in Alibaba Group were worth $13,221,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BABA. Ameriflex Group Inc. lifted its holdings in shares of Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at $30,000. Palisade Asset Management LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at $37,000. Costello Asset Management INC purchased a new position in Alibaba Group in the 4th quarter worth $34,000. Finally, Palladiem LLC bought a new stake in Alibaba Group in the fourth quarter worth $38,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on BABA. Susquehanna upped their price target 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. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. HSBC increased their target price on Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. Finally, Mizuho lifted their price target on Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $188.76.

Alibaba Group Stock Performance

NYSE:BABA opened at $102.68 on Wednesday. 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’s fifty day simple moving average is $127.80 and its 200 day simple moving average is $141.27. The stock has a market cap of $246.34 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.80 and a beta of 0.47. Alibaba Group Holding Limited has a twelve month low of $101.83 and a twelve month high of $192.67.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data 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 business had revenue of $35.30 billion during the quarter. As a group, research analysts predict that Alibaba Group Holding Limited will post 6.75 EPS for the current year.

Alibaba Group Announces Dividend

The business also recently declared 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. This represents a yield of 93.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio is presently 16.91%.

Key Alibaba Group News

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

• Negative Sentiment: Alibaba filed suit seeking removal from the Pentagon’s list of alleged Chinese military supporters, a move that highlights renewed geopolitical and regulatory risk for the stock and could weigh on investor sentiment. Reuters: Alibaba sues US Department of Defense for branding it a ‘Chinese military company’
• Neutral Sentiment: Alibaba also unveiled HappyHorse 1.1, an upgraded AI video-generation model, and launched a global AI filmmaking competition, reinforcing its push into AI and cloud services, but the near-term market impact appears limited compared with the Pentagon dispute. TechNode: Alibaba unveils HappyHorse 1.1 video generation model, launches global AI filmmaking competition
• Neutral Sentiment: Separate commentary from analysts and market trackers continued to highlight Alibaba as a widely watched stock, but these items do not appear to be the main driver of trading today. Zacks: Alibaba Group Holding Limited (BABA) Is a Trending Stock

About Alibaba Group

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.