7,000 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by MASO CAPITAL PARTNERS Ltd

Key Points

• MASO CAPITAL PARTNERS Ltd has acquired 7,000 shares of Alibaba Group, valued at approximately $926,000, making it the firm's 8th largest position.
• Alibaba's stock has seen a variety of institutional investors increasing their stakes, with major firms like Brighton Jones LLC and Schroder Investment Management Group raising their positions significantly.
• Despite receiving both buy and hold ratings from various analysts, Alibaba’s average stock rating remains a "Moderate Buy" with a consensus target price of $153.29.

MASO CAPITAL PARTNERS Ltd acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,000 shares of the specialty retailer's stock, valued at approximately $926,000. Alibaba Group accounts for approximately 1.4% of MASO CAPITAL PARTNERS Ltd's portfolio, making the stock its 8th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC raised its position in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 981 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Alibaba Group by 34.9% in the fourth quarter. Schroder Investment Management Group now owns 202,309 shares of the specialty retailer's stock valued at $17,020,000 after purchasing an additional 52,302 shares in the last quarter. Summit Financial LLC lifted its holdings in shares of Alibaba Group by 7.0% in the fourth quarter. Summit Financial LLC now owns 6,275 shares of the specialty retailer's stock valued at $532,000 after purchasing an additional 413 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Alibaba Group by 2.1% in the fourth quarter. Franklin Resources Inc. now owns 488,356 shares of the specialty retailer's stock valued at $41,408,000 after purchasing an additional 10,057 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Alibaba Group by 24.0% in the fourth quarter. Huntington National Bank now owns 2,602 shares of the specialty retailer's stock valued at $221,000 after purchasing an additional 504 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BABA. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Bank of America decreased their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Robert W. Baird decreased their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Finally, Loop Capital set a $176.00 price objective on Alibaba Group in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $153.29.

Alibaba Group Stock Performance

NYSE BABA opened at $117.06 on Friday. The business's 50-day moving average price is $115.61 and its 200 day moving average price is $117.96. The company has a market capitalization of $279.23 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.77 and a beta of 0.17. 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 twelve month low of $73.87 and a twelve month high of $148.43.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a $0.95 dividend. This represents a dividend yield of 80.0%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is 12.75%.

About Alibaba Group

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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