Diligent Investors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,178 shares of the specialty retailer's stock, valued at approximately $288,000.
A number of other large investors have also made changes to their positions in the stock. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth about $32,000. Strategic Investment Solutions Inc. IL lifted its stake in shares of Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after buying an additional 200 shares during the period. Redwood Park Advisors LLC acquired a new stake in Alibaba Group during the fourth quarter worth approximately $52,000. Vision Financial Markets LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $55,000. Finally, Brown Shipley& Co Ltd raised its holdings in Alibaba Group by 279.1% in the 4th quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock valued at $55,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.
Alibaba Group Price Performance
BABA opened at $119.99 on Friday. The company has a 50 day moving average of $118.37 and a two-hundred day moving average of $109.56. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market cap of $286.26 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.61 and a beta of 0.24.
Alibaba Group Cuts Dividend
The firm also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 13.83%.
Analyst Ratings Changes
Several research firms have recently issued reports on BABA. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Mizuho lowered 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. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Bank of America boosted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $154.21.
View Our Latest Stock Report on Alibaba Group
Alibaba Group Company Profile
(
Free Report)
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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