Thurston Springer Miller Herd & Titak Inc. Has $90,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Thurston Springer Miller Herd & Titak Inc. lowered its position in Alibaba Group Holding Limited (NYSE:BABA) by 86.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,249 shares of the specialty retailer’s stock after selling 7,646 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Alibaba Group were worth $90,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BABA. Bogart Wealth LLC increased its position in Alibaba Group by 16.7% during the first quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 142 shares during the period. Legacy Advisors LLC increased its position in Alibaba Group by 1.4% during the fourth quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock worth $826,000 after acquiring an additional 145 shares during the period. North Star Investment Management Corp. increased its position in Alibaba Group by 11.2% during the first quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 154 shares during the period. Hexagon Capital Partners LLC increased its position in Alibaba Group by 2.5% during the fourth quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock worth $517,000 after acquiring an additional 164 shares during the period. Finally, WNY Asset Management LLC increased its position in Alibaba Group by 2.8% during the first quarter. WNY Asset Management LLC now owns 6,022 shares of the specialty retailer’s stock worth $436,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.2 %

Shares of NYSE:BABA traded up $0.94 during mid-day trading on Tuesday, hitting $77.92. The company had a trading volume of 12,103,451 shares, compared to its average volume of 16,749,516. The firm has a fifty day moving average price of $76.47 and a 200 day moving average price of $75.52. The company has a market capitalization of $197.72 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $101.84.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. As a group, research analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho decreased their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Truist Financial decreased their target price on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Loop Capital raised their target price on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Citigroup reduced their price target 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. Finally, Barclays reduced their price target on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $109.19.

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.