CHICAGO TRUST Co NA Takes $321,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

CHICAGO TRUST Co NA bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,430 shares of the specialty retailer's stock, valued at approximately $321,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 981 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Alibaba Group in the fourth quarter worth $6,478,000. Silver Oak Securities Incorporated acquired a new position in Alibaba Group during the 4th quarter valued at about $265,000. Strategic Financial Concepts LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $3,020,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Alibaba Group in the fourth quarter worth $60,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Performance

BABA traded up $0.48 during trading on Tuesday, hitting $121.96. The stock had a trading volume of 8,773,082 shares, compared to its average volume of 19,962,129. 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 firm has a market cap of $290.99 billion, a PE ratio of 17.62, a P/E/G ratio of 0.61 and a beta of 0.22. The company has a 50 day simple moving average of $117.94 and a 200-day simple moving average of $110.38.

Alibaba Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Citigroup reduced their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Mizuho reduced their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Alibaba Group 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.