CreativeOne Wealth LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

CreativeOne Wealth LLC bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 1st quarter, Holdings Channel reports. The fund bought 11,782 shares of the specialty retailer’s stock, valued at approximately $853,000.

Other hedge funds also recently modified their holdings of the company. Baystate Wealth Management LLC boosted its stake in Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 216 shares during the last quarter. EdgeRock Capital LLC bought a new position in Alibaba Group during the 4th quarter worth approximately $26,000. Register Financial Advisors LLC bought a new position in Alibaba Group during the 1st quarter worth approximately $31,000. LFA Lugano Financial Advisors SA bought a new position in Alibaba Group during the 4th quarter worth approximately $32,000. Finally, Bear Mountain Capital Inc. bought a new position in Alibaba Group during the 4th quarter worth approximately $42,000. Institutional investors own 13.47% of the company’s stock.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 15th. JPMorgan Chase & Co. cut their price target on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Bank of America lifted their price target on shares of Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Mizuho cut their price target on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Loop Capital lifted their price target on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $109.19.

Alibaba Group Stock Up 1.5 %

BABA traded up $1.13 during trading on Friday, reaching $76.53. 10,884,540 shares of the stock were exchanged, compared to its average volume of 10,928,651. The stock has a market cap of $194.19 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 0.47 and a beta of 0.33. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The stock’s 50 day moving average price is $77.12 and its two-hundred day moving average price is $75.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79.

Alibaba Group (NYSE:BABA) last issued its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. Equities analysts expect that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Dividend Announcement

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

About Alibaba Group

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.