GF Fund Management CO. LTD. Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

GF Fund Management CO. LTD. raised its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 149,502 shares of the specialty retailer's stock after purchasing an additional 27,995 shares during the period. GF Fund Management CO. LTD.'s holdings in Alibaba Group were worth $19,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BABA. Calamos Wealth Management LLC increased its position in shares of Alibaba Group by 39.6% during the first quarter. Calamos Wealth Management LLC now owns 25,608 shares of the specialty retailer's stock worth $3,386,000 after acquiring an additional 7,266 shares in the last quarter. Calamos Advisors LLC increased its position in shares of Alibaba Group by 42.5% during the first quarter. Calamos Advisors LLC now owns 66,465 shares of the specialty retailer's stock worth $8,789,000 after acquiring an additional 19,828 shares in the last quarter. Caerus Investment Advisors LLC bought a new stake in shares of Alibaba Group during the first quarter worth about $241,000. Palisade Capital Management LP increased its position in shares of Alibaba Group by 7.3% during the first quarter. Palisade Capital Management LP now owns 4,577 shares of the specialty retailer's stock worth $605,000 after acquiring an additional 312 shares in the last quarter. Finally, Checchi Capital Advisers LLC bought a new stake in shares of Alibaba Group during the first quarter worth about $343,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Down 2.2%

Shares of BABA stock traded down $2.37 on Monday, hitting $106.33. 17,375,569 shares of the company's stock traded hands, compared to its average volume of 19,982,605. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. Alibaba Group Holding Limited has a one year low of $72.95 and a one year high of $148.43. The company's fifty day simple moving average is $119.19 and its 200 day simple moving average is $114.03. The stock has a market capitalization of $253.73 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 0.47 and a beta of 0.22.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Stockholders 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 is 13.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BABA shares. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 14th. Benchmark reduced their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective for the company. in a research report on Tuesday, June 24th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus price target of $154.13.

Alibaba Group Company 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.