Polunin Capital Partners Ltd Boosts Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Polunin Capital Partners Ltd boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 218.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,325,120 shares of the specialty retailer's stock after acquiring an additional 908,544 shares during the quarter. Alibaba Group accounts for 29.7% of Polunin Capital Partners Ltd's portfolio, making the stock its biggest holding. Polunin Capital Partners Ltd owned 0.06% of Alibaba Group worth $175,221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. JTC Employer Solutions Trustee Ltd grew its holdings in Alibaba Group by 19.9% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 13,170 shares of the specialty retailer's stock valued at $1,739,000 after purchasing an additional 2,184 shares during the period. Hardin Capital Partners LLC lifted its position in shares of Alibaba Group by 4.0% during the 1st quarter. Hardin Capital Partners LLC now owns 6,024 shares of the specialty retailer's stock valued at $797,000 after buying an additional 230 shares in the last quarter. Meyer Handelman Co. bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $264,000. GAMMA Investing LLC grew its stake in shares of Alibaba Group by 13,483.0% during the 1st quarter. GAMMA Investing LLC now owns 19,967 shares of the specialty retailer's stock valued at $2,640,000 after acquiring an additional 19,820 shares during the period. Finally, Marcum Wealth LLC increased its holdings in Alibaba Group by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Alibaba Group stock traded up $0.26 during midday trading on Tuesday, reaching $115.01. 13,921,387 shares of the stock traded hands, compared to its average volume of 19,960,789. The stock has a market cap of $274.38 billion, a P/E ratio of 16.62, a PEG ratio of 0.61 and a beta of 0.24. The stock's fifty day moving average is $119.29 and its 200-day moving average is $109.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43.

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 issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 13.83%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BABA shares. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Citigroup lowered their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Loop Capital set a $176.00 price target on Alibaba Group in a research note on Friday, May 16th. Arete Research raised Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Morgan Stanley set a $180.00 price objective on Alibaba Group in a research note on Wednesday, May 14th. One investment 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. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $154.21.

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.