Henry James International Management Inc. Boosts Position in Alibaba Group Holding Limited (NYSE:BABA)

Henry James International Management Inc. boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,447 shares of the specialty retailer’s stock after acquiring an additional 2,376 shares during the quarter. Henry James International Management Inc.’s holdings in Alibaba Group were worth $2,131,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. US Bancorp DE increased its position in Alibaba Group by 12.2% during the first quarter. US Bancorp DE now owns 30,414 shares of the specialty retailer’s stock valued at $2,201,000 after acquiring an additional 3,305 shares during the last quarter. Hohimer Wealth Management LLC purchased a new stake in Alibaba Group in the first quarter worth about $3,875,000. Russell Investments Group Ltd. increased its position in Alibaba Group by 0.5% in the first quarter. Russell Investments Group Ltd. now owns 997,304 shares of the specialty retailer’s stock worth $72,165,000 after buying an additional 4,520 shares in the last quarter. QRG Capital Management Inc. increased its position in Alibaba Group by 12.8% in the first quarter. QRG Capital Management Inc. now owns 34,991 shares of the specialty retailer’s stock worth $2,532,000 after buying an additional 3,976 shares in the last quarter. Finally, Arnhold LLC increased its position in Alibaba Group by 13.2% in the first quarter. Arnhold LLC now owns 209,880 shares of the specialty retailer’s stock worth $15,187,000 after buying an additional 24,435 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Alibaba Group stock traded up $0.35 during midday trading on Tuesday, reaching $78.36. 12,283,934 shares of the stock traded hands, compared to its average volume of 17,431,586. The stock has a market cap of $198.84 billion, a P/E ratio of 18.27, a PEG ratio of 0.49 and a beta of 0.33. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The stock’s fifty day moving average is $78.10 and its 200-day moving average is $75.08. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The business had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Announces Dividend

The business also recently disclosed a None dividend, which was paid on Friday, July 12th. Stockholders of record on Thursday, June 13th were paid a $1.66 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend was Thursday, June 13th. Alibaba Group’s payout ratio is 22.84%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BABA. Truist Financial reduced their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Loop Capital upped their price target on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Barclays dropped their price objective on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Mizuho dropped their price objective on Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.79.

Alibaba Group Profile

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.