Eurizon SLJ Capital Ltd Invests $2.61 Million in Alibaba Group Holding Limited $BABA

Eurizon SLJ Capital Ltd purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the 4th quarter, Holdings Channel.com reports. The firm purchased 17,822 shares of the specialty retailer’s stock, valued at approximately $2,612,000. Alibaba Group accounts for about 1.0% of Eurizon SLJ Capital Ltd’s holdings, making the stock its 24th biggest position.

Several other large investors have also modified their holdings of BABA. Ameriflex Group Inc. raised its stake in shares of Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Alibaba Group during the third quarter worth approximately $30,000. Costello Asset Management INC purchased a new stake in shares of Alibaba Group during the fourth quarter worth approximately $34,000. Palisade Asset Management LLC purchased a new stake in shares of Alibaba Group during the third quarter worth approximately $37,000. Finally, Key Financial Inc raised its stake in shares of 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 purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the subject of several analyst reports. Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Susquehanna raised their target price on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a report on Friday, May 15th. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Morgan Stanley raised 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. Finally, Barclays raised their target price on Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Two equities research 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $188.76.

Get Our Latest Stock Analysis on BABA

Alibaba Group Trading Down 1.5%

Shares of BABA stock opened at $124.27 on Friday. Alibaba Group Holding Limited has a fifty-two week low of $103.71 and a fifty-two week high of $192.67. The stock has a market cap of $298.13 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.19 and a beta of 0.50. The business has a fifty day simple moving average of $130.81 and a 200-day simple 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.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. On average, analysts forecast that Alibaba Group Holding Limited will post 6.67 earnings per share 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 paid a $1.05 dividend. This represents a yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio (DPR) is presently 16.91%.

Alibaba Group News Roundup

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

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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