Hudock Inc. Raises Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Hudock Inc. increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 8.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,082 shares of the specialty retailer’s stock after purchasing an additional 239 shares during the quarter. Hudock Inc.’s holdings in Alibaba Group were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC boosted its stake in shares of Alibaba Group by 16.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 15,307 shares of the specialty retailer’s stock worth $1,108,000 after acquiring an additional 2,130 shares during the last quarter. BNP Paribas purchased a new position in shares of Alibaba Group during the 1st quarter worth $8,741,000. Choreo LLC boosted its stake in shares of Alibaba Group by 21.8% during the 1st quarter. Choreo LLC now owns 3,909 shares of the specialty retailer’s stock worth $283,000 after acquiring an additional 700 shares during the last quarter. Harbor Advisors LLC purchased a new position in shares of Alibaba Group during the 1st quarter worth $217,000. Finally, LB Partners LLC boosted its stake in shares of Alibaba Group by 1.3% during the 1st quarter. LB Partners LLC now owns 76,000 shares of the specialty retailer’s stock worth $5,499,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 1.4 %

NYSE:BABA traded down $1.02 during midday trading on Monday, reaching $73.50. 10,893,078 shares of the stock traded hands, compared to its average volume of 17,579,967. Alibaba Group Holding Limited has a 12-month low of $66.63 and a 12-month high of $102.50. The business has a 50-day moving average of $78.24 and a two-hundred day moving average of $75.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $186.51 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.46 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $30.73 billion during 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%. On average, equities analysts forecast that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Loop Capital raised their price objective on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Barclays decreased their price objective on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Citigroup decreased their price objective on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. JPMorgan Chase & Co. decreased 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. Finally, Truist Financial decreased their price target on shares of 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 presently has a consensus rating of “Moderate Buy” and an average 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.