AM Investment Strategies LLC Makes New $307,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• AM Investment Strategies LLC has acquired approximately $307,000 worth of Alibaba Group shares, purchasing 2,320 shares during the 1st quarter.
• Alibaba Group recently announced a dividend of $0.95, resulting in a yield of 0.8%, with a payout ratio of 12.75%.
• Analysts have varying opinions on Alibaba's stock, with an average rating of "Moderate Buy" and an average price target of $150.80.

AM Investment Strategies LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,320 shares of the specialty retailer's stock, valued at approximately $307,000.

A number of other institutional investors have also modified their holdings of BABA. WCM Investment Management LLC acquired a new stake in shares of Alibaba Group during the first quarter worth about $4,074,000. KMG Fiduciary Partners LLC purchased a new stake in shares of Alibaba Group during the 1st quarter worth approximately $1,948,000. Avaii Wealth Management LLC purchased a new stake in Alibaba Group in the 1st quarter valued at approximately $563,000. 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. Finally, Summa Corp. raised its position in shares of Alibaba Group by 28.7% in the 1st quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock worth $9,477,000 after buying an additional 16,000 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $1.11 during mid-day trading on Friday, reaching $120.05. 7,032,735 shares of the company traded hands, compared to its average volume of 14,650,496. Alibaba Group Holding Limited has a fifty-two week low of $73.87 and a fifty-two week high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $286.43 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.21. The stock has a fifty day simple moving average of $115.96 and a 200-day simple moving average of $116.67.

Alibaba Group Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 12.75%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research report on Tuesday, June 24th. Loop Capital set a $176.00 target price on shares of 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 report on Friday, June 27th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.80.

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.