Blue Zone Wealth Advisors LLC Increases Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Blue Zone Wealth Advisors LLC raised its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,631 shares of the specialty retailer’s stock after acquiring an additional 807 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Alibaba Group were worth $3,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BABA. Baystate Wealth Management LLC grew its holdings in shares of Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares in the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Alibaba Group during the 4th quarter valued at $26,000. Anchor Investment Management LLC purchased a new position in Alibaba Group in the fourth quarter worth $31,000. Register Financial Advisors LLC bought a new position in Alibaba Group in the first quarter valued at $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock traded down $0.37 during trading on Friday, hitting $72.00. 10,334,974 shares of the company’s stock traded hands, compared to its average volume of 12,350,396. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $182.70 billion, a P/E ratio of 16.78, a PEG ratio of 0.44 and a beta of 0.38. The business has a 50-day simple moving average of $78.23 and a 200-day simple moving average of $75.03. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50.

Alibaba Group (NYSE:BABA) last issued its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. The company had revenue of $30.73 billion for the quarter, compared to analysts’ expectations of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. As a group, analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current 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 dividend of $1.66 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s payout ratio is currently 22.84%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BABA shares. Barclays decreased their price objective on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Mizuho decreased their price objective on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Bank of America increased 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. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group 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.