DekaBank Deutsche Girozentrale Acquires 20,036 Shares of Alibaba Group Holding Limited (NYSE:BABA)

DekaBank Deutsche Girozentrale increased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 27.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 91,906 shares of the specialty retailer's stock after buying an additional 20,036 shares during the period. DekaBank Deutsche Girozentrale's holdings in Alibaba Group were worth $11,795,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BABA. Bruce G. Allen Investments LLC purchased a new stake in Alibaba Group in the 1st quarter worth $31,000. Inlight Wealth Management LLC purchased a new stake in Alibaba Group in the 1st quarter worth $31,000. Valley National Advisers Inc. lifted its stake in Alibaba Group by 151.9% in the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group in the 1st quarter worth $35,000. Finally, ORG Partners LLC lifted its stake in Alibaba Group by 950.0% in the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 0.1%

NYSE:BABA traded up $0.08 during mid-day trading on Friday, hitting $106.72. 10,755,903 shares of the stock traded hands, compared to its average volume of 19,997,331. The stock has a market capitalization of $254.66 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.46 and a beta of 0.21. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The firm's 50 day moving average is $117.76 and its two-hundred day moving average is $114.38. 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 business also recently announced a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were paid a $0.95 dividend. The ex-dividend date was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is currently 12.75%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BABA. Robert W. Baird decreased their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Benchmark decreased their price target on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Bank of America decreased their target price on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Mizuho decreased their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average price target of $153.13.

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.