DE Burlo Group Inc. Makes New $21.69 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• DE Burlo Group Inc. has invested approximately $21.69 million in Alibaba Group, acquiring 164,000 shares that represent about 3.2% of its total portfolio.
• Multiple analysts have set new price targets for Alibaba, with Morgan Stanley at $180.00 and Barclays lowering theirs to $145.00, reflecting a mixed sentiment toward the stock's performance.
• Alibaba recently announced a dividend payout of $0.95, which yields 0.8%, while the firm's dividend payout ratio stands at 12.75%.

DE Burlo Group Inc. bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 164,000 shares of the specialty retailer's stock, valued at approximately $21,686,000. Alibaba Group makes up about 3.2% of DE Burlo Group Inc.'s portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Heartland Consultants Inc. boosted its stake in shares of Alibaba Group by 11.9% during the 1st quarter. First Heartland Consultants Inc. now owns 3,343 shares of the specialty retailer's stock valued at $442,000 after buying an additional 356 shares during the last quarter. Bell & Brown Wealth Advisors LLC raised its holdings in Alibaba Group by 0.5% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 38,716 shares of the specialty retailer's stock valued at $5,119,000 after acquiring an additional 199 shares in the last quarter. Phoenix Financial Ltd. boosted its stake in Alibaba Group by 6.0% during the 1st quarter. Phoenix Financial Ltd. now owns 12,763 shares of the specialty retailer's stock valued at $1,696,000 after acquiring an additional 728 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in Alibaba Group during the 1st quarter worth $17,335,000. Finally, AM Investment Strategies LLC bought a new stake in shares of Alibaba Group in the 1st quarter worth about $307,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Barclays decreased their target price on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday, July 15th. Mizuho dropped their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Finally, Arete Research lowered shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $150.80.

Alibaba Group Trading Down 0.9%

Alibaba Group stock opened at $120.05 on Friday. The firm has a 50-day moving average price of $115.96 and a two-hundred day moving average price of $116.67. Alibaba Group Holding Limited has a 52-week low of $73.87 and a 52-week high of $148.43. The firm has a market capitalization of $286.43 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.78 and a beta of 0.21. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The firm also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is 12.75%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.