Deutsche Bank AG Boosts Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• Deutsche Bank AG increased its stake in Alibaba Group by 34.8% in the first quarter, holding a total of 562,678 shares valued at approximately $74.4 million.
• Alibaba Group's stock experienced a slight decline of 0.5%, with its price opening at $120.34 and a market cap of $286.99 billion.
• The company recently announced a dividend of $0.95 per share, resulting in a yield of 80.0%, despite a lower overall dividend payout ratio of 12.75%.

Deutsche Bank AG grew its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 34.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 562,678 shares of the specialty retailer's stock after purchasing an additional 145,389 shares during the quarter. Deutsche Bank AG's holdings in Alibaba Group were worth $74,403,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Accent Capital Management LLC lifted its holdings in shares of Alibaba Group by 5.5% during the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock worth $209,000 after purchasing an additional 82 shares during the period. Greenleaf Trust raised its position in Alibaba Group by 1.0% during the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock worth $1,102,000 after purchasing an additional 85 shares during the last quarter. Marcum Wealth LLC raised its position in shares of Alibaba Group by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after acquiring an additional 86 shares in the last quarter. Principal Securities Inc. raised its position in shares of Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after acquiring an additional 89 shares in the last quarter. Finally, Institute for Wealth Management LLC. raised its position in shares of Alibaba Group by 1.1% in the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after acquiring an additional 93 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 3.7%

NYSE BABA traded up $4.55 during trading on Wednesday, hitting $126.97. 19,088,023 shares of the company's stock traded hands, compared to its average volume of 21,473,281. The stock has a fifty day moving average of $116.00 and a two-hundred day moving average of $119.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 12-month low of $77.74 and a 12-month high of $148.43. The firm has a market cap of $302.80 billion, a P/E ratio of 17.04, a PEG ratio of 1.75 and a beta of 0.17.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued 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 currently 12.75%.

Analysts Set New Price Targets

BABA has been the subject of a number of research analyst reports. 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. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Benchmark restated a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Robert W. Baird cut their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Finally, Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and an average target price of $153.29.

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.