Gunderson Capital Management Inc. Invests $10.59 Million in Alibaba Group Holding Limited (NYSE:BABA)

Gunderson Capital Management Inc. purchased a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 80,090 shares of the specialty retailer's stock, valued at approximately $10,590,000. Alibaba Group comprises about 6.8% of Gunderson Capital Management Inc.'s holdings, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Berkshire Asset Management LLC PA acquired a new stake in Alibaba Group in the 4th quarter valued at about $911,000. Bailard Inc. boosted its position in Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after purchasing an additional 3,242 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of Alibaba Group by 18.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 268,768 shares of the specialty retailer's stock worth $22,789,000 after purchasing an additional 42,290 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alibaba Group by 19.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after buying an additional 752,275 shares during the last quarter. Finally, Global Frontier Investments LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth $4,239,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research note on Friday, May 16th. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Mizuho lowered 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. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Alibaba Group has a consensus rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded up $0.26 on Tuesday, reaching $115.01. The stock had a trading volume of 13,963,483 shares, compared to its average volume of 19,960,936. The business's 50 day moving average is $119.29 and its two-hundred day moving average is $109.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The company has a market cap of $274.38 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.95 dividend. 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 (DPR) is presently 13.83%.

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.