Capital CS Group LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,656 shares of the specialty retailer's stock, valued at approximately $351,000. Alibaba Group comprises approximately 0.6% of Capital CS Group LLC's investment portfolio, making the stock its 22nd biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in BABA. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the 4th quarter worth $32,000. Strategic Investment Solutions Inc. IL boosted its holdings in Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new position in Alibaba Group during the 4th quarter valued at about $52,000. Vision Financial Markets LLC purchased a new position in Alibaba Group during the 4th quarter valued at about $55,000. Finally, Brown Shipley& Co Ltd boosted its holdings in Alibaba Group by 279.1% during the 4th quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock valued at $55,000 after acquiring an additional 480 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on BABA shares. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Benchmark reduced their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Bank of America upped their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $154.21.
Check Out Our Latest Stock Report on BABA
Alibaba Group Stock Performance
Shares of Alibaba Group stock traded up $1.26 during trading on Thursday, reaching $120.71. The company's stock had a trading volume of 11,136,871 shares, compared to its average volume of 19,978,673. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The business's fifty day moving average price is $118.62 and its 200-day moving average price is $109.35. The firm has a market cap of $287.99 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43.
Alibaba Group Cuts Dividend
The company also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is 13.83%.
About Alibaba Group
(
Free Report)
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.
See Also
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
