Aigen Investment Management LP Purchases Shares of 9,446 Alibaba Group Holding Limited (NYSE:BABA)

Aigen Investment Management LP acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,446 shares of the specialty retailer's stock, valued at approximately $1,249,000.

A number of other large investors have also recently made changes to their positions in BABA. North Ridge Wealth Advisors Inc. acquired a new position in Alibaba Group during the 1st quarter worth approximately $26,000. Hazlett Burt & Watson Inc. lifted its position in shares of Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group during the first quarter worth $31,000. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group in the first quarter valued at $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group in the first quarter valued at $35,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the subject of several analyst reports. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a report on Tuesday, June 24th. Barclays dropped their price target on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 15th. Robert W. Baird reduced their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Mizuho dropped their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $153.29.

Alibaba Group Stock Performance

NYSE BABA opened at $120.34 on Monday. The firm has a market cap of $286.99 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.77 and a beta of 0.17. Alibaba Group Holding Limited has a 52-week low of $77.74 and a 52-week high of $148.43. The business's 50-day moving average price is $115.78 and its 200 day moving average price is $119.63. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 80.0%. Alibaba Group's payout ratio is presently 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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