Jacobi Capital Management LLC Has $391,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Jacobi Capital Management LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 62.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,397 shares of the specialty retailer’s stock after purchasing an additional 2,084 shares during the period. Jacobi Capital Management LLC’s holdings in Alibaba Group were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Primecap Management Co. CA increased its position in Alibaba Group by 5.1% during the 4th quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock worth $1,412,618,000 after purchasing an additional 881,710 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock worth $1,228,398,000 after buying an additional 819,019 shares in the last quarter. FIL Ltd boosted its holdings in shares of Alibaba Group by 10.2% during the 4th quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after acquiring an additional 983,842 shares in the last quarter. H&H International Investment LLC grew its position in Alibaba Group by 63.1% during the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after acquiring an additional 1,918,730 shares during the last quarter. Finally, Norges Bank acquired a new position in Alibaba Group in the 4th quarter worth about $329,367,000. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays cut their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Citigroup reduced 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 note on Wednesday, May 15th. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Wednesday, May 15th. Loop Capital upped their price target 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. Finally, JPMorgan Chase & Co. lowered 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Stock Performance

Shares of BABA traded down $0.76 on Tuesday, reaching $75.88. 2,635,051 shares of the company’s stock traded hands, compared to its average volume of 17,102,734. The stock’s 50 day simple moving average is $77.76 and its two-hundred day simple moving average is $75.10. Alibaba Group Holding Limited has a 52-week low of $66.63 and a 52-week high of $102.50. The stock has a market cap of $192.55 billion, a PE ratio of 17.67, a PEG ratio of 0.46 and a beta of 0.33. 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:BABA) last announced its quarterly 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. The firm had revenue of $30.73 billion for the quarter, compared to analysts’ expectations of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. On average, analysts forecast that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently declared a None dividend, which was paid on Friday, July 12th. Shareholders of record on Thursday, June 13th were given a dividend of $1.66 per share. This represents a yield of 3%. The ex-dividend date of this dividend was Thursday, June 13th. Alibaba Group’s payout ratio is currently 22.84%.

Alibaba Group Company 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.