Forum Financial Management LP bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,151 shares of the specialty retailer's stock, valued at approximately $284,000.
A number of other institutional investors and hedge funds have also made changes to their positions in BABA. Bruce G. Allen Investments LLC bought a new stake in shares of Alibaba Group during the first quarter valued at approximately $31,000. Inlight Wealth Management LLC purchased a new stake in Alibaba Group in the first quarter worth approximately $31,000. Valley National Advisers Inc. boosted its holdings in Alibaba Group by 151.9% in the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group in the first quarter worth approximately $35,000. Finally, ORG Partners LLC boosted its holdings in Alibaba Group by 950.0% in the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 13.47% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on BABA shares. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday, May 14th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Barclays reduced their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Finally, Bank of America lowered their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.80.
Get Our Latest Stock Analysis on Alibaba Group
Alibaba Group Trading Up 2.5%
Shares of Alibaba Group stock opened at $120.22 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month high of $148.43. The firm has a market capitalization of $286.85 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.77 and a beta of 0.21. The firm's 50 day simple moving average is $116.76 and its two-hundred day simple moving average is $115.65.
Alibaba Group Cuts Dividend
The company also recently declared a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.
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.
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