Clal Insurance Enterprises Holdings Ltd Takes $39.67 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• Clal Insurance Enterprises Holdings Ltd acquired 300,000 shares of Alibaba Group, worth approximately $39.67 million, in the first quarter of the year.
• Alibaba recently declared a dividend of $0.95 per share, resulting in a dividend yield of 80.0% and a payout ratio of 12.75%.
• Wall Street analysts have mixed ratings on Alibaba, with a consensus rating of "Moderate Buy" and an average price target of $153.29.

Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 300,000 shares of the specialty retailer's stock, valued at approximately $39,669,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. North Ridge Wealth Advisors Inc. bought a new position in Alibaba Group in the first quarter worth approximately $26,000. Hazlett Burt & Watson Inc. raised its stake in Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after buying an additional 196 shares in the last quarter. Bruce G. Allen Investments LLC bought a new position in Alibaba Group in the first quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new position in Alibaba Group in the first quarter worth approximately $31,000. Finally, Stone House Investment Management LLC bought a new position in Alibaba Group in the first quarter worth approximately $34,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Down 1.4%

Shares of Alibaba Group stock opened at $118.67 on Tuesday. The firm has a 50-day simple moving average of $115.85 and a two-hundred day simple moving average of $119.84. The company has a market cap of $283.01 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.77 and a beta of 0.17. Alibaba Group Holding Limited has a fifty-two week low of $77.74 and a fifty-two week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were given a dividend of $0.95 per share. This represents a dividend yield of 80.0%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio is 12.75%.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Mizuho cut their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and an average price target of $153.29.

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.

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