Fiera Capital Corp bought a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,223 shares of the specialty retailer's stock, valued at approximately $3,467,000.
Other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust grew 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 acquiring an additional 85 shares during the last quarter. Marcum Wealth LLC grew its position in Alibaba Group by 3.2% during 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 during the last quarter. Principal Securities Inc. grew 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 buying an additional 89 shares during the last quarter. Institute for Wealth Management LLC. grew 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 buying an additional 93 shares during the last quarter. Finally, Rings Capital Management LLC grew its position in shares of Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after buying an additional 100 shares during the last quarter. Institutional investors own 13.47% of the company's stock.
Alibaba Group Trading Up 2.7%
Shares of NYSE:BABA traded up $3.22 during trading on Thursday, hitting $120.60. The company had a trading volume of 13,605,588 shares, compared to its average volume of 14,588,597. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day simple moving average of $115.68 and a two-hundred day simple moving average of $117.71. Alibaba Group Holding Limited has a one year low of $73.87 and a one year high of $148.43. The stock has a market cap of $287.68 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.73 and a beta of 0.21.
Alibaba Group Cuts Dividend
The firm also recently declared a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a $0.95 dividend. This represents a dividend yield of 80.0%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio is presently 12.75%.
Analysts Set New Price Targets
A number of research analysts have issued reports on BABA shares. Citigroup lowered their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America lowered their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Barclays cut their price objective on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday, July 15th. Finally, Mizuho cut their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $153.29.
View Our Latest Stock Report on BABA
Alibaba Group 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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