Alibaba Group Holding Limited (NYSE:BABA) Stake Raised by Blair William & Co. IL

Blair William & Co. IL increased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,217 shares of the specialty retailer's stock after acquiring an additional 4,219 shares during the period. Blair William & Co. IL's holdings in Alibaba Group were worth $12,326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BABA. Brighton Jones LLC lifted its stake in Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 981 shares in the last quarter. World Investment Advisors raised its stake in shares of Alibaba Group by 4.0% during the 4th quarter. World Investment Advisors now owns 10,660 shares of the specialty retailer's stock worth $904,000 after purchasing an additional 408 shares in the last quarter. Perennial Investment Advisors LLC purchased a new stake in shares of Alibaba Group during the 4th quarter worth about $243,000. Quadrant Capital Group LLC raised its stake in shares of Alibaba Group by 4.7% during the 4th quarter. Quadrant Capital Group LLC now owns 14,758 shares of the specialty retailer's stock worth $1,251,000 after purchasing an additional 659 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Alibaba Group by 54.9% during the 4th quarter. Federated Hermes Inc. now owns 124,978 shares of the specialty retailer's stock worth $10,597,000 after purchasing an additional 44,278 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $117.40 on Tuesday. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43. The firm has a market capitalization of $280.04 billion, a PE ratio of 15.76, a PEG ratio of 1.72 and a beta of 0.17. The business's 50 day moving average is $115.54 and its 200-day moving average is $118.68. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.95 per share. This represents a dividend yield of 80.0%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent research reports. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Citigroup cut their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Barclays cut their price target on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday, July 15th. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.