Alibaba Group Holding Limited (NYSE:BABA) Stake Raised by Stratos Wealth Partners LTD.

by · The Markets Daily

Stratos Wealth Partners LTD. grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,896 shares of the specialty retailer’s stock after buying an additional 979 shares during the period. Stratos Wealth Partners LTD.’s holdings in Alibaba Group were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wolff Wiese Magana LLC increased its stake in shares of Alibaba Group by 21.2% during the second quarter. Wolff Wiese Magana LLC now owns 630 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 110 shares during the period. Capital Investment Advisory Services LLC increased its stake in shares of Alibaba Group by 1.9% during the second quarter. Capital Investment Advisory Services LLC now owns 6,166 shares of the specialty retailer’s stock valued at $514,000 after acquiring an additional 112 shares during the period. Alta Capital Management LLC increased its stake in shares of Alibaba Group by 3.9% during the second quarter. Alta Capital Management LLC now owns 3,114 shares of the specialty retailer’s stock valued at $260,000 after acquiring an additional 117 shares during the period. RDA Financial Network increased its stake in shares of Alibaba Group by 0.6% during the second quarter. RDA Financial Network now owns 20,446 shares of the specialty retailer’s stock valued at $1,704,000 after acquiring an additional 120 shares during the period. Finally, Liberty One Investment Management LLC increased its stake in shares of Alibaba Group by 1.8% during the first quarter. Liberty One Investment Management LLC now owns 6,887 shares of the specialty retailer’s stock valued at $704,000 after acquiring an additional 121 shares during the period. Institutional investors own 14.22% of the company’s stock.

Alibaba Group Trading Down 2.2 %

Shares of NYSE:BABA opened at $73.01 on Friday. The firm has a fifty day moving average of $77.50 and a two-hundred day moving average of $85.17. The firm has a market capitalization of $185.26 billion, a P/E ratio of 10.11 and a beta of 0.56. Alibaba Group Holding Limited has a 12-month low of $70.08 and a 12-month high of $121.30. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.14.

Alibaba Group (NYSE:BABA – Get Free Report) last issued its earnings results on Thursday, November 16th. The specialty retailer reported $15.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.28 by $0.35. The company had revenue of $224.79 billion during the quarter, compared to analyst estimates of $224.48 billion. Alibaba Group had a net margin of 14.49% and a return on equity of 12.83%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. On average, equities analysts expect that Alibaba Group Holding Limited will post 8.22 EPS for the current fiscal year.

Alibaba Group Announces Dividend

The business also recently announced a — dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 21st will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, December 20th. Alibaba Group’s dividend payout ratio (DPR) is currently 13.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Truist Financial lowered their price objective on shares of Alibaba Group from $126.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, November 17th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price target (down previously from $110.00) on shares of Alibaba Group in a research report on Friday, December 1st. StockNews.com began coverage on shares of Alibaba Group in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. Bank of America decreased their price target on shares of Alibaba Group from $142.00 to $136.00 in a research report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $150.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.20.

View Our Latest Stock Report on BABA

About Alibaba Group

(Free Report)

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.

See Also

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