Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC raised its stake in Alibaba Group Holding Limited (NYSE:BABA) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,726 shares of the specialty retailer’s stock after purchasing an additional 258 shares during the quarter. Level Four Advisory Services LLC’s holdings in Alibaba Group were worth $289,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sanders Capital LLC boosted its holdings in Alibaba Group by 322.7% in the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after purchasing an additional 11,473,618 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Alibaba Group by 461.2% during the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock worth $365,686,000 after buying an additional 3,464,723 shares during the period. Blue Pool Management Ltd. purchased a new position in Alibaba Group in the fourth quarter valued at about $151,726,000. Morgan Stanley boosted its stake in shares of Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Alibaba Group by 65.6% in the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after purchasing an additional 1,389,233 shares in 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 research reports. Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 15th. Susquehanna lowered their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Barclays cut their price objective on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Morgan Stanley reissued an “equal weight” rating and set a $85.00 price target on shares of Alibaba Group in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group reduced their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.96.

Alibaba Group Trading Down 4.0 %

BABA opened at $82.69 on Thursday. The stock has a market capitalization of $209.83 billion, a PE ratio of 19.28, a P/E/G ratio of 0.54 and a beta of 0.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.80. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The firm’s fifty day moving average price is $75.62 and its 200 day moving average price is $75.20.

Alibaba Group Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 13th will be issued a $1.66 dividend. This represents a yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio is currently 22.84%.

Alibaba Group Company 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.