GAMMA Investing LLC Increases Stake in Alibaba Group Holding Limited (NYSE:BABA)

GAMMA Investing LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 13,483.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,967 shares of the specialty retailer's stock after acquiring an additional 19,820 shares during the period. GAMMA Investing LLC's holdings in Alibaba Group were worth $2,640,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Marcum Wealth LLC lifted its stake in shares of Alibaba Group by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after purchasing an additional 86 shares during the last quarter. Fairtree Asset Management Pty Ltd purchased a new position in Alibaba Group in the fourth quarter valued at $4,881,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Alibaba Group during the fourth quarter worth about $289,000. Lighthouse Financial LLC acquired a new position in Alibaba Group during the 4th quarter worth approximately $237,000. Finally, Fluent Financial LLC increased its holdings in Alibaba Group by 22.6% in the fourth quarter. Fluent Financial LLC now owns 10,627 shares of the specialty retailer's stock valued at $901,000 after buying an additional 1,957 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

NYSE:BABA traded down $3.91 during mid-day trading on Friday, hitting $112.71. 13,309,167 shares of the company's stock traded hands, compared to its average volume of 19,998,473. The firm's 50 day simple moving average is $118.35 and its 200 day simple moving average is $111.10. The company has a market cap of $268.93 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.61 and a beta of 0.22. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. 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 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 given 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 presently 13.83%.

Analysts Set New Price Targets

BABA has been the subject of a number of research analyst reports. Benchmark lowered their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Mizuho lowered their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Finally, Wall Street Zen raised Alibaba Group from a "hold" rating to a "buy" rating in a report on Saturday. Fifteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and a consensus price target of $154.21.

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.