18,321 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 18,321 shares of Alibaba Group valued at approximately $2.42 million in the first quarter, indicating growing interest from institutional investors.
• Several hedge funds, including Trivest Advisors Ltd and Canopy Partners LLC, also established new stakes in Alibaba during the same period, reflecting a trend of increasing institutional ownership.
• Alibaba's stock has received mixed analyst ratings, with a consensus target price of $153.29 and the majority offering a "buy" rating amidst fluctuations in their target prices.

Banque Cantonale Vaudoise bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 18,321 shares of the specialty retailer's stock, valued at approximately $2,422,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WCM Investment Management LLC bought a new stake in shares of Alibaba Group in the 1st quarter valued at $4,074,000. KMG Fiduciary Partners LLC bought a new position in shares of Alibaba Group in the first quarter valued at approximately $1,948,000. Avaii Wealth Management LLC bought a new position in shares of Alibaba Group during the first quarter valued at about $563,000. Fiduciary Alliance LLC lifted its holdings in Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after acquiring an additional 18,230 shares during the period. Finally, Summa Corp. raised its position in Alibaba Group by 28.7% in the first quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock worth $9,477,000 after acquiring an additional 16,000 shares during the period. Institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of several research reports. Arete lowered 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 price objective on Alibaba Group in a research report on Friday, May 16th. Bank of America dropped their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Finally, Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.29.

Alibaba Group Trading Down 1.8%

Shares of NYSE BABA traded down $2.10 during midday trading on Wednesday, hitting $117.26. The company's stock had a trading volume of 12,736,009 shares, compared to its average volume of 14,641,083. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market cap of $279.71 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.76 and a beta of 0.21. The business's 50 day moving average is $115.70 and its two-hundred day moving average is $117.44. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month high of $148.43.

Alibaba Group Cuts Dividend

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

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.