O Keefe Stevens Advisory Inc. Acquires 3,785 Shares of Alibaba Group Holding Limited (NYSE:BABA)

O Keefe Stevens Advisory Inc. lifted its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,464 shares of the specialty retailer's stock after purchasing an additional 3,785 shares during the quarter. Alibaba Group comprises about 3.5% of O Keefe Stevens Advisory Inc.'s holdings, making the stock its 11th largest holding. O Keefe Stevens Advisory Inc.'s holdings in Alibaba Group were worth $10,640,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Berkshire Asset Management LLC PA purchased a new stake in Alibaba Group during the 4th quarter valued at approximately $911,000. Bailard Inc. lifted its stake in shares of Alibaba Group by 46.3% during the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after purchasing an additional 3,242 shares during the period. Fiduciary Alliance LLC lifted its stake in shares of Alibaba Group by 18.3% during the 1st quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after purchasing an additional 18,230 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of Alibaba Group by 18.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 268,768 shares of the specialty retailer's stock worth $22,789,000 after buying an additional 42,290 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alibaba Group by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after buying an additional 752,275 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Analysts Set New Price Targets

BABA has been the subject of several recent analyst reports. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Loop Capital set a $176.00 target price on Alibaba Group in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Stock Up 0.2%

Shares of BABA stock traded up $0.26 during mid-day trading on Tuesday, reaching $115.01. 13,963,483 shares of the company's stock traded hands, compared to its average volume of 19,983,871. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The company has a market cap of $274.38 billion, a P/E ratio of 16.62, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company's 50-day moving average price is $119.29 and its 200-day moving average price is $109.24.

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 issued 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 (DPR) is presently 13.83%.

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.