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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in BABA. Traveka Wealth LLC raised its holdings in shares of Alibaba Group by 49.6% in the 1st quarter. Traveka Wealth LLC now owns 3,784 shares of the specialty retailer's stock valued at $500,000 after acquiring an additional 1,255 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Alibaba Group during the 1st quarter valued at about $81,000. Viewpoint Capital Management LLC increased its position in Alibaba Group by 3.9% during the 1st quarter. Viewpoint Capital Management LLC now owns 3,894 shares of the specialty retailer's stock valued at $515,000 after purchasing an additional 145 shares during the period. Novare Capital Management LLC purchased a new position in shares of Alibaba Group during the 1st quarter worth approximately $382,000. Finally, HM Payson & Co. grew its stake in Alibaba Group by 41.7% in the first quarter. HM Payson & Co. now owns 340 shares of the specialty retailer's stock worth $45,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of BABA traded down $2.04 during trading hours on Friday, reaching $108.67. 11,847,157 shares of the company traded hands, compared to its average volume of 19,992,757. The stock has a market capitalization of $259.31 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.47 and a beta of 0.22. 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 Holding Limited has a 12-month low of $72.95 and a 12-month high of $148.43. The business has a fifty day moving average price of $119.19 and a 200-day moving average price of $113.82.

Alibaba Group Cuts Dividend

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

Analyst Ratings Changes

BABA has been the topic of a number of recent research reports. Robert W. Baird reduced their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a report on Tuesday, June 24th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a report on Wednesday, May 14th. Finally, Benchmark cut their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.