Kathmere Capital Management LLC lifted its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 72.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,159 shares of the specialty retailer's stock after purchasing an additional 3,838 shares during the quarter. Kathmere Capital Management LLC's holdings in Alibaba Group were worth $1,211,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group in the 1st quarter worth $31,000. Inlight Wealth Management LLC purchased a new position in Alibaba Group in the 1st quarter worth $31,000. Valley National Advisers Inc. raised its stake in Alibaba Group by 151.9% in the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after acquiring an additional 161 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Alibaba Group in the 1st quarter worth $35,000. Finally, ORG Partners LLC raised its stake in Alibaba Group by 950.0% in the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.
Alibaba Group Price Performance
BABA stock traded up $0.08 during trading on Friday, hitting $106.72. The stock had a trading volume of 10,755,903 shares, compared to its average volume of 19,997,331. 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 Holding Limited has a twelve month low of $73.87 and a twelve month high of $148.43. The stock has a market capitalization of $254.66 billion, a P/E ratio of 14.32, a PEG ratio of 0.46 and a beta of 0.21. The company's 50-day moving average price is $117.76 and its two-hundred day moving average price is $114.38.
Alibaba Group Cuts Dividend
The company also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio is currently 12.75%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Robert W. Baird reduced their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Benchmark reduced their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Finally, Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective for the company. in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.13.
View Our Latest Stock Report on Alibaba Group
About Alibaba Group
(
Free Report)
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.
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