GF Fund Management CO. LTD. acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 121,507 shares of the specialty retailer's stock, valued at approximately $10,303,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group during the 4th quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL grew its stake in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 200 shares during the period. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at approximately $52,000. Vision Financial Markets LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at approximately $55,000. Finally, Brown Shipley& Co Ltd lifted its position in shares of Alibaba Group by 279.1% during the 4th quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock valued at $55,000 after buying an additional 480 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.
Alibaba Group Trading Down 1.0%
Shares of BABA traded down $1.17 during midday trading on Tuesday, reaching $119.56. The company had a trading volume of 8,477,519 shares, compared to its average volume of 20,036,951. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The stock has a market cap of $285.24 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The firm has a 50 day simple moving average of $121.08 and a 200-day simple moving average of $108.37. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.
Alibaba Group Cuts Dividend
The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 13.83%.
Analyst Upgrades and Downgrades
BABA has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and increased their target price for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Benchmark decreased their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. 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. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $154.21.
Read Our Latest Research Report on BABA
About Alibaba Group
(
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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