2,285 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Bellecapital International Ltd.

Bellecapital International Ltd. acquired a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,285 shares of the specialty retailer's stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in Alibaba Group in the first quarter worth about $31,000. Sierra Ocean LLC bought a new position in Alibaba Group in the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL raised its stake in Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after buying an additional 200 shares in the last quarter. Redwood Park Advisors LLC bought a new position in Alibaba Group in the fourth quarter worth about $52,000. Finally, Vision Financial Markets LLC bought a new position in Alibaba Group in the fourth quarter worth about $55,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Stock Performance

BABA stock traded down $3.91 on Friday, hitting $112.71. The company had a trading volume of 13,309,167 shares, compared to its average volume of 19,991,610. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock's 50-day simple moving average is $118.35 and its 200 day simple moving average is $110.93. The stock has a market cap of $268.93 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio is currently 13.83%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research note on Wednesday, May 14th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Loop Capital set a $176.00 target price on shares of Alibaba Group in a research note on Friday, May 16th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $154.21.

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.