Accent Capital Management LLC Purchases New Position in Alibaba Group Holding Limited (NYSE:BABA)

Accent Capital Management LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,000 shares of the specialty retailer’s stock, valued at approximately $233,000.

Several other hedge funds have also made changes to their positions in BABA. Leo Wealth LLC purchased a new position in Alibaba Group during the fourth quarter valued at approximately $1,734,000. MONECO Advisors LLC bought a new stake in Alibaba Group during the fourth quarter valued at about $388,000. Sivia Capital Partners LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $257,000. ICA Group Wealth Management LLC bought a new position in Alibaba Group in the fourth quarter worth about $42,000. Finally, SageView Advisory Group LLC lifted its position in shares of Alibaba Group by 135.3% during the fourth quarter. SageView Advisory Group LLC now owns 7,536 shares of the specialty retailer’s stock valued at $545,000 after buying an additional 4,333 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of NYSE BABA traded up $1.19 during trading on Monday, reaching $74.54. 13,441,679 shares of the company traded hands, compared to its average volume of 18,198,396. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The stock has a market cap of $189.15 billion, a P/E ratio of 17.38, a PEG ratio of 0.45 and a beta of 0.38. The firm’s fifty day simple moving average is $77.77 and its 200 day simple moving average is $74.93. 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 (NYSE:BABAGet Free Report) last posted its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, July 12th. Shareholders 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 (DPR) is currently 22.84%.

Analyst Ratings Changes

Several research firms recently commented on BABA. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 15th. Citigroup decreased 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 boosted their target price on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. decreased their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Finally, Truist Financial dropped their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $108.79.

Check Out Our Latest Stock Report on BABA

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.

Further Reading

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

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