Inscription Capital LLC Buys Shares of 3,215 Alibaba Group Holding Limited (NYSE:BABA)

Inscription Capital LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,215 shares of the specialty retailer's stock, valued at approximately $425,000.

A number of other hedge funds also recently modified their holdings of the business. Bruce G. Allen Investments LLC bought a new position in Alibaba Group during the 1st quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group in the fourth quarter valued at about $32,000. Strategic Investment Solutions Inc. IL boosted its position 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 worth $46,000 after buying an additional 200 shares during the period. Redwood Park Advisors LLC acquired a new position in shares of Alibaba Group during the fourth quarter worth about $52,000. Finally, Vision Financial Markets LLC acquired a new stake in Alibaba Group in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on BABA. Mizuho cut their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Robert W. Baird lowered their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Benchmark reduced their target price on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Citigroup decreased their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a research note on Friday, May 16th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of "Buy" and an average target price of $154.21.

Alibaba Group Stock Performance

Shares of BABA opened at $115.08 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48. The firm has a 50-day moving average of $118.89 and a 200-day moving average of $111.50. The company has a market cap of $274.48 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 0.48 and a beta of 0.22. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43.

Alibaba Group Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is 13.83%.

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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