Penserra Capital Management LLC Boosts Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Penserra Capital Management LLC increased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 43.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,610 shares of the specialty retailer's stock after buying an additional 56,294 shares during the period. Penserra Capital Management LLC's holdings in Alibaba Group were worth $24,674,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Inlight Wealth Management LLC purchased a new position in Alibaba Group in the first quarter valued at about $31,000. Bruce G. Allen Investments LLC bought a new stake in shares of Alibaba Group during the first quarter valued at about $31,000. LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group in the 1st quarter worth approximately $35,000. Valley National Advisers Inc. boosted its stake in Alibaba Group by 151.9% during the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after buying an additional 161 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BABA shares. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Mizuho dropped their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Loop Capital set a $176.00 target price on Alibaba Group in a report on Friday, May 16th. Citigroup lowered their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird cut their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Stock Performance

Shares of BABA traded down $2.37 on Monday, reaching $106.33. The company's stock had a trading volume of 17,375,569 shares, compared to its average volume of 19,982,605. The stock's 50 day simple moving average is $119.19 and its two-hundred day simple moving average is $114.03. The stock has a market capitalization of $253.73 billion, a P/E ratio of 14.27, a PEG ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a 12-month low of $72.95 and a 12-month high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date 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.