Jupiter Asset Management Ltd. Invests $292,000 in Alibaba Group Holding Limited (NYSE:BABA)

Jupiter Asset Management Ltd. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) during the third quarter, Holdings Channel reports. The fund bought 3,365 shares of the specialty retailer’s stock, valued at approximately $292,000.

Several other large investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new position in shares of Alibaba Group in the third quarter worth approximately $26,000. Brown Shipley& Co Ltd boosted its holdings in shares of Alibaba Group by 3.2% in the 2nd quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 202 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at about $27,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Alibaba Group in the 3rd quarter worth approximately $30,000. 14.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Truist Financial reduced their price target on shares of Alibaba Group from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Barclays decreased their target price on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, January 12th. Susquehanna decreased their price objective on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday. Benchmark dropped their target price on Alibaba Group from $150.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $90.00 price target (down from $110.00) on shares of Alibaba Group in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.44.

Get Our Latest Stock Report on Alibaba Group

Alibaba Group Trading Up 1.8 %

NYSE:BABA opened at $72.02 on Monday. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $106.64. The stock has a market cap of $182.75 billion, a price-to-earnings ratio of 13.29 and a beta of 0.47. The company has a 50-day moving average price of $73.22 and a 200-day moving average price of $82.10. The company has a current ratio of 1.80, a quick ratio of 1.94 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABAGet Free Report) last posted its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion for the quarter, compared to analysts’ expectations of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $2.44 EPS. Equities analysts predict that Alibaba Group Holding Limited will post 7.94 EPS for the current year.

Alibaba Group Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, December 21st were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, December 20th. Alibaba Group’s dividend payout ratio is currently 18.08%.

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.

See Also

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

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