Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. significantly increased its stake in Alibaba Group by 55.9% in the first quarter, now holding over 3.5 million shares worth approximately $464.5 million.
• Alibaba's stock is currently trading at $120.34, with a market cap of $286.99 billion, and has seen a 52-week range from a low of $77.74 to a high of $148.43.
• The company recently announced a dividend cut, issuing a $0.95 per share dividend with a yield of 80% while maintaining a payout ratio of 12.75%.

Invesco Ltd. increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 55.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,513,012 shares of the specialty retailer's stock after buying an additional 1,259,718 shares during the quarter. Invesco Ltd. owned 0.15% of Alibaba Group worth $464,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Goldman Sachs Group Inc. raised its holdings in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock worth $2,069,144,000 after purchasing an additional 2,885,154 shares during the period. Bank of America Corp DE raised its holdings in Alibaba Group by 7.0% in the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after purchasing an additional 438,537 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Alibaba Group by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after purchasing an additional 752,275 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Alibaba Group by 3,214.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after purchasing an additional 4,246,564 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in Alibaba Group by 1.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,978,977 shares of the specialty retailer's stock worth $337,377,000 after purchasing an additional 44,901 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BABA. Barclays lowered their price target on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 15th. Morgan Stanley set a $180.00 price target on Alibaba Group in a research report on Wednesday, May 14th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a research report on Tuesday, June 24th. Loop Capital set a $176.00 price target on Alibaba Group in a research report on Friday, May 16th. Finally, Robert W. Baird dropped their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average price target of $153.29.

Alibaba Group Stock Up 3.3%

Alibaba Group stock traded up $3.91 during midday trading on Tuesday, reaching $122.55. The company's stock had a trading volume of 11,908,433 shares, compared to its average volume of 13,580,867. Alibaba Group Holding Limited has a fifty-two week low of $77.74 and a fifty-two week high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market cap of $292.26 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.75 and a beta of 0.17. The business has a 50-day simple moving average of $115.85 and a 200-day simple moving average of $119.84.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 80.0%. Alibaba Group's dividend payout ratio (DPR) is presently 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.