Fidelis Capital Partners LLC Takes $683,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Fidelis Capital Partners LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,679 shares of the specialty retailer's stock, valued at approximately $683,000.

Several other large investors also recently made changes to their positions in BABA. Genus Capital Management Inc. raised its stake in Alibaba Group by 200.0% in the 1st quarter. Genus Capital Management Inc. now owns 6,980 shares of the specialty retailer's stock valued at $923,000 after acquiring an additional 13,960 shares during the period. Round Rock Advisors LLC bought a new stake in Alibaba Group in the 1st quarter valued at $211,000. Nisa Investment Advisors LLC raised its stake in Alibaba Group by 10.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the specialty retailer's stock valued at $139,000 after acquiring an additional 100 shares during the period. Rehmann Capital Advisory Group raised its stake in Alibaba Group by 13.2% in the 1st quarter. Rehmann Capital Advisory Group now owns 7,970 shares of the specialty retailer's stock valued at $1,054,000 after acquiring an additional 931 shares during the period. Finally, Principal Securities Inc. raised its stake in Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock valued at $2,225,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target 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. Bank of America decreased their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday. Benchmark decreased their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Finally, Mizuho decreased their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.13.

Alibaba Group Stock Performance

BABA opened at $106.72 on Friday. The firm has a market cap of $254.66 billion, a P/E ratio of 14.32, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The business's fifty day moving average is $117.76 and its 200-day moving average is $114.38.

Alibaba Group Cuts Dividend

The business 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 0.8%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is currently 12.75%.

Alibaba Group Company 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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