DJE Kapital AG Buys 49,678 Shares of Alibaba Group Holding Limited $BABA

DJE Kapital AG increased its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 28.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,022 shares of the specialty retailer’s stock after buying an additional 49,678 shares during the period. Alibaba Group accounts for 0.9% of DJE Kapital AG’s portfolio, making the stock its 29th largest position. DJE Kapital AG’s holdings in Alibaba Group were worth $33,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of BABA. Brighton Jones LLC raised its stake in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after buying an additional 981 shares in the last quarter. AQR Capital Management LLC bought a new position in Alibaba Group in the first quarter worth about $254,000. Bank of Nova Scotia raised its stake in Alibaba Group by 313.0% in the second quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock worth $2,470,000 after buying an additional 16,505 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Alibaba Group in the second quarter worth about $1,613,000. Finally, Ieq Capital LLC raised its stake in Alibaba Group by 51.9% in the second quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock worth $7,946,000 after buying an additional 23,925 shares in the last quarter. 13.47% of the stock is owned by institutional investors.

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Alibaba Group Trading Down 2.3%

NYSE:BABA opened at $112.67 on Friday. The company’s 50 day moving average price is $130.29 and its 200-day moving average price is $144.15. Alibaba Group Holding Limited has a 52 week low of $103.71 and a 52 week 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 stock has a market cap of $270.31 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 1.98 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings results 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 firm had revenue of $35.30 billion for the quarter. On average, equities research analysts forecast that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s dividend payout ratio is presently 15.60%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BABA shares. HSBC increased their price target on shares of Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Erste Group Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Nomura upped their price objective on shares of Alibaba Group from $200.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Argus upgraded shares of Alibaba Group to a “hold” rating in a report on Tuesday, March 24th. Finally, Mizuho upped their price objective on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $188.76.

View Our Latest Stock Report on BABA

Alibaba Group 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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