Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,856 shares of the specialty retailer’s stock after selling 19,373 shares during the period. Stifel Financial Corp’s holdings in Alibaba Group were worth $7,352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of BABA. Baystate Wealth Management LLC grew its stake in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 216 shares in the last quarter. EdgeRock Capital LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth $26,000. Anchor Investment Management LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth $31,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Alibaba Group during the fourth quarter worth $32,000. Finally, Headinvest LLC acquired a new position in shares of Alibaba Group during the third quarter worth $35,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of a number of analyst reports. Barclays lowered their target price on shares of 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 lowered their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. JPMorgan Chase & Co. decreased their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Truist Financial decreased their price objective on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Susquehanna decreased their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.79.

Get Our Latest Report on Alibaba Group

Alibaba Group Trading Up 0.2 %

Shares of BABA opened at $80.02 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $77.15 and its two-hundred day moving average is $75.00. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The firm has a market capitalization of $203.05 billion, a P/E ratio of 18.65, a PEG ratio of 0.48 and a beta of 0.38.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. The business had revenue of $30.73 billion for the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. On average, research analysts predict that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

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

Alibaba Group Profile

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

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