Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 15.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,014 shares of the specialty retailer's stock after purchasing an additional 7,314 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Alibaba Group were worth $7,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BABA. Norges Bank acquired a new position in Alibaba Group during the 4th quarter valued at approximately $585,479,000. Renaissance Technologies LLC increased its stake in Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Appaloosa LP increased 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 acquiring an additional 1,843,158 shares during the period. Janus Henderson Group PLC increased its stake in shares of Alibaba Group by 95.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after acquiring an additional 1,030,999 shares during the period. Finally, Polunin Capital Partners Ltd increased its stake in shares of Alibaba Group by 218.1% in the first quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer's stock worth $175,221,000 after acquiring an additional 908,544 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Performance

BABA opened at $116.95 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market cap of $278.91 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.46 and a beta of 0.22. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The firm's fifty day simple moving average is $119.41 and its two-hundred day simple moving average is $112.49.

Alibaba Group Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's dividend payout ratio is currently 13.83%.

Analysts Set New Price Targets

BABA has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird cut their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Alibaba Group presently has an average rating of "Buy" and a consensus price target of $154.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.