Carrhae Capital LLP Makes New $73.91 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

Carrhae Capital LLP purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 558,973 shares of the specialty retailer's stock, valued at approximately $73,913,000. Alibaba Group makes up 5.4% of Carrhae Capital LLP's holdings, making the stock its 4th largest holding.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted 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 purchasing an additional 981 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Alibaba Group in the 4th quarter worth approximately $1,063,000. Madison Investment Advisors LLC acquired a new stake in Alibaba Group in the 4th quarter worth approximately $3,785,000. Envestnet Portfolio Solutions Inc. boosted its stake in Alibaba Group by 13.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,058 shares of the specialty retailer's stock worth $768,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Cibc World Markets Corp boosted its stake in Alibaba Group by 20.9% in the 4th quarter. Cibc World Markets Corp now owns 24,730 shares of the specialty retailer's stock worth $2,097,000 after purchasing an additional 4,280 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $2.92 during trading on Friday, hitting $120.22. 26,729,940 shares of the stock traded hands, compared to its average volume of 20,130,204. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market cap of $286.85 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.70 and a beta of 0.21. The company has a fifty day moving average price of $116.86 and a two-hundred day moving average price of $115.19. Alibaba Group Holding Limited has a 52-week low of $73.87 and a 52-week high of $148.43.

Alibaba Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on BABA shares. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Barclays decreased their price objective on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Bank of America decreased their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.80.

About Alibaba Group

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.