Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Rheos Capital Works Inc.

Rheos Capital Works Inc. grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 2,586.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,600 shares of the specialty retailer's stock after purchasing an additional 258,600 shares during the period. Alibaba Group makes up 2.9% of Rheos Capital Works Inc.'s investment portfolio, making the stock its 10th largest holding. Rheos Capital Works Inc.'s holdings in Alibaba Group were worth $35,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Alibaba Group in the 4th quarter worth approximately $585,479,000. Renaissance Technologies LLC increased its holdings in shares of Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Appaloosa LP raised its stake in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Alibaba Group by 95.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock valued at $179,087,000 after purchasing an additional 1,030,999 shares in the last quarter. Finally, Polunin Capital Partners Ltd boosted its position in shares of Alibaba Group by 218.1% during the first quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer's stock valued at $175,221,000 after buying an additional 908,544 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BABA. Mizuho decreased their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Loop Capital set a $176.00 target price on shares of Alibaba Group in a report on Friday, May 16th. Robert W. Baird decreased their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $154.21.

Alibaba Group Trading Up 1.8%

Shares of NYSE BABA traded up $2.12 during trading on Monday, hitting $121.50. 10,383,546 shares of the company were exchanged, compared to its average volume of 20,006,709. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a fifty day moving average price of $118.11 and a 200-day moving average price of $110.11. The firm has a market capitalization of $289.90 billion, a PE ratio of 17.56, a P/E/G ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid 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 payout ratio is 13.83%.

Alibaba Group Profile

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.