Clough Capital Partners L P Grows Position in Alibaba Group Holding Limited $BABA

by · The Markets Daily

Clough Capital Partners L P raised its position in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,310 shares of the specialty retailer’s stock after buying an additional 30,610 shares during the quarter. Alibaba Group comprises 1.9% of Clough Capital Partners L P’s portfolio, making the stock its 18th biggest holding. Clough Capital Partners L P’s holdings in Alibaba Group were worth $21,593,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BABA. Brighton Jones LLC lifted its stake in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 981 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $254,000. Bank of Nova Scotia lifted its stake in shares of Alibaba Group by 313.0% in the 2nd quarter. Bank of Nova Scotia now owns 21,778 shares of the specialty retailer’s stock valued at $2,470,000 after purchasing an additional 16,505 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $1,613,000. Finally, Ieq Capital LLC lifted its stake in shares of Alibaba Group by 51.9% during the 2nd quarter. Ieq Capital LLC now owns 70,060 shares of the specialty retailer’s stock worth $7,946,000 after acquiring an additional 23,925 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Down 3.2%

Shares of BABA stock opened at $107.45 on Thursday. Alibaba Group Holding Limited has a 1-year low of $103.71 and a 1-year high of $192.67. The stock’s fifty day moving average price is $129.36 and its 200 day moving average price is $142.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $257.79 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.47.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The firm had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. On average, research analysts expect that Alibaba Group Holding Limited will post 6.75 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be paid a dividend of $1.05 per share. This represents a yield of 93.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s payout ratio is presently 16.91%.

Analyst Ratings Changes

Several research firms have commented on BABA. Barclays raised their price objective on Alibaba Group from $186.00 to $195.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Susquehanna lifted their price target on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a report on Friday, May 15th. Nomura lifted their price target on Alibaba Group from $200.00 to $207.00 and gave the company a “buy” rating in a report on Friday, May 15th. Mizuho lifted their price target on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Finally, DZ Bank downgraded Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price target on the stock. in a report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $188.76.

Get Our Latest Report on Alibaba Group

Alibaba Group News Roundup

Here are the key news stories impacting Alibaba Group this week:

Alibaba Group Company Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

Further Reading

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).