Schroder Investment Management Group Has $30.73 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Schroder Investment Management Group reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 80.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 396,436 shares of the specialty retailer’s stock after selling 1,671,437 shares during the quarter. Schroder Investment Management Group’s holdings in Alibaba Group were worth $30,728,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Johnson Investment Counsel Inc. grew its holdings in shares of Alibaba Group by 2.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer’s stock worth $584,000 after purchasing an additional 136 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Alibaba Group by 32.9% during the 3rd quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer’s stock worth $50,000 after purchasing an additional 142 shares in the last quarter. Legacy Advisors LLC grew its holdings in shares of Alibaba Group by 1.4% during the 4th quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock worth $826,000 after purchasing an additional 145 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Alibaba Group by 2.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock worth $517,000 after purchasing an additional 164 shares in the last quarter. Finally, Independent Wealth Network Inc. grew its holdings in shares of Alibaba Group by 5.1% during the 4th quarter. Independent Wealth Network Inc. now owns 3,477 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 169 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Alibaba Group stock opened at $78.41 on Monday. Alibaba Group Holding Limited has a 12 month low of $66.63 and a 12 month high of $102.50. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $198.97 billion, a PE ratio of 18.28, a P/E/G ratio of 0.48 and a beta of 0.38. The stock has a 50-day moving average price of $77.27 and a two-hundred day moving average price of $74.94.

Alibaba Group (NYSE:BABAGet Free Report) last issued its quarterly earnings data 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. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The company had revenue of $30.73 billion during the quarter, compared to the consensus estimate of $30.59 billion. Analysts expect that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 3%. Alibaba Group’s dividend payout ratio (DPR) is 22.84%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BABA shares. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Wednesday, May 15th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price objective on shares of Alibaba Group in a research report on Tuesday, April 9th. Citigroup dropped their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. JPMorgan Chase & Co. dropped their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Finally, Bank of America upped their price objective on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.79.

Check Out Our Latest Analysis on Alibaba Group

About Alibaba Group

(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

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

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