Huntington National Bank Acquires 270 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Huntington National Bank increased its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 21.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,555 shares of the specialty retailer’s stock after buying an additional 270 shares during the quarter. Huntington National Bank’s holdings in Alibaba Group were worth $135,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Morgan Stanley increased its holdings in Alibaba Group by 1.1% in the 4th quarter. Morgan Stanley now owns 12,815,514 shares of the specialty retailer’s stock worth $1,128,919,000 after buying an additional 142,563 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Alibaba Group by 461.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after purchasing an additional 3,464,723 shares during the period. Moneta Group Investment Advisors LLC grew its stake in shares of Alibaba Group by 108,264.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 3,711,488 shares of the specialty retailer’s stock worth $326,945,000 after purchasing an additional 3,708,063 shares during the period. Lazard Asset Management LLC grew its stake in shares of Alibaba Group by 9.4% during the 2nd quarter. Lazard Asset Management LLC now owns 3,611,817 shares of the specialty retailer’s stock worth $301,044,000 after purchasing an additional 310,713 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Alibaba Group by 6.9% during the 1st quarter. Clearbridge Investments LLC now owns 3,117,112 shares of the specialty retailer’s stock worth $339,142,000 after purchasing an additional 202,226 shares during the period. Institutional investors and hedge funds own 14.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BABA shares. JPMorgan Chase & Co. dropped their price objective on shares of Alibaba Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Thursday. Truist Financial decreased their target price on Alibaba Group from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Barclays decreased their target price on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Finally, UBS Group reiterated a “buy” rating and set a $127.00 target price (up previously from $120.00) on shares of Alibaba Group in a research report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.44.

Get Our Latest Research Report on Alibaba Group

Alibaba Group Trading Up 1.8 %

Shares of BABA stock opened at $72.02 on Monday. The stock’s fifty day moving average is $73.22 and its two-hundred day moving average is $82.10. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.94 and a current ratio of 1.80. The firm has a market capitalization of $182.75 billion, a P/E ratio of 13.29 and a beta of 0.47. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $106.64.

Alibaba Group (NYSE:BABAGet Free Report) last issued its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The company had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. During the same period last year, the business earned $2.44 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Research analysts expect that Alibaba Group Holding Limited will post 7.94 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The business also recently announced a — dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, December 21st were paid a $1.00 dividend. The ex-dividend date was Wednesday, December 20th. Alibaba Group’s dividend payout ratio (DPR) is presently 18.08%.

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.

Featured Stories

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.