Cladis Investment Advisory LLC Reduces Position in Alibaba Group Holding Limited (NYSE:BABA)

Cladis Investment Advisory LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,075 shares of the specialty retailer’s stock after selling 525 shares during the quarter. Cladis Investment Advisory LLC’s holdings in Alibaba Group were worth $626,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BABA. Jump Financial LLC grew its position in shares of Alibaba Group by 38.5% during the third quarter. Jump Financial LLC now owns 4,171 shares of the specialty retailer’s stock worth $362,000 after acquiring an additional 1,160 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Alibaba Group in the 3rd quarter valued at about $318,000. Avantax Advisory Services Inc. grew its holdings in shares of Alibaba Group by 7.8% during the 3rd quarter. Avantax Advisory Services Inc. now owns 11,989 shares of the specialty retailer’s stock worth $1,040,000 after purchasing an additional 870 shares during the period. Spire Wealth Management grew its holdings in shares of Alibaba Group by 25.8% during the 3rd quarter. Spire Wealth Management now owns 9,410 shares of the specialty retailer’s stock worth $816,000 after purchasing an additional 1,927 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Alibaba Group by 11.2% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 22,759 shares of the specialty retailer’s stock worth $1,974,000 after purchasing an additional 2,285 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 2.0 %

NYSE:BABA traded down $1.60 during trading hours on Friday, hitting $78.41. 12,190,292 shares of the company were exchanged, compared to its average volume of 21,180,894. The stock has a market capitalization of $198.97 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a fifty day simple moving average of $77.27 and a 200 day simple moving average of $75.00.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The firm had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. Sell-side analysts expect that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently disclosed 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. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio (DPR) is presently 22.84%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BABA. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Citigroup cut their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Bank of America upped their target price on Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. reduced their target price on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Finally, Loop Capital increased their price objective on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $108.79.

Get Our Latest Analysis on Alibaba Group

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.

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

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