New Insight Wealth Advisors acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 15,260 shares of the specialty retailer's stock, valued at approximately $2,018,000. Alibaba Group accounts for 0.9% of New Insight Wealth Advisors' holdings, making the stock its 26th largest holding.
Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 981 shares during the period. Bank of New York Mellon Corp increased its position in shares of Alibaba Group by 96.0% in the fourth quarter. Bank of New York Mellon Corp now owns 172,748 shares of the specialty retailer's stock worth $14,647,000 after purchasing an additional 84,604 shares during the period. Victory Capital Management Inc. bought a new position in shares of Alibaba Group in the fourth quarter worth $1,063,000. Assetmark Inc. increased its position in shares of Alibaba Group by 3,405.5% in the fourth quarter. Assetmark Inc. now owns 13,917 shares of the specialty retailer's stock worth $1,180,000 after purchasing an additional 13,520 shares during the period. Finally, Amundi increased its position in shares of Alibaba Group by 80.0% in the fourth quarter. Amundi now owns 646,058 shares of the specialty retailer's stock worth $54,069,000 after purchasing an additional 287,127 shares during the period. Institutional investors own 13.47% of the company's stock.
Analysts Set New Price Targets
BABA has been the topic of a number of recent analyst reports. Mizuho decreased their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Finally, Citigroup cut their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and an average price target of $154.13.
Check Out Our Latest Stock Report on Alibaba Group
Alibaba Group Trading Up 2.0%
BABA traded up $2.04 during trading on Thursday, hitting $105.87. The company's stock had a trading volume of 7,504,124 shares, compared to its average volume of 19,975,972. Alibaba Group Holding Limited has a twelve month low of $73.87 and a twelve month high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average price is $118.42 and its 200-day moving average price is $114.09. The firm has a market capitalization of $252.62 billion, a P/E ratio of 14.21, a PEG ratio of 0.47 and a beta of 0.22.
Alibaba Group Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio is 13.83%.
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.
Featured Articles
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
