Keystone Investors PTE Ltd. Invests $1.77 Million in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• Keystone Investors PTE Ltd. has acquired a new position in Alibaba Group, purchasing 13,383 shares worth approximately $1.77 million, making it the company's 23rd largest position.
• Alibaba recently declared a dividend of $0.95 per share, representing a yield of 80.0%, with a payout ratio of 12.75%.
• Overall, institutional investors own 13.47% of Alibaba's stock, with various hedge funds making new stakes in the company during the first quarter.

Keystone Investors PTE Ltd. bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,383 shares of the specialty retailer's stock, valued at approximately $1,770,000. Alibaba Group comprises about 0.2% of Keystone Investors PTE Ltd.'s holdings, making the stock its 23rd biggest position.

A number of other hedge funds have also recently modified their holdings of BABA. North Ridge Wealth Advisors Inc. bought a new stake in Alibaba Group during the 1st quarter valued at $26,000. Hazlett Burt & Watson Inc. boosted its position in Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 196 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in Alibaba Group during the 1st quarter valued at $31,000. Inlight Wealth Management LLC bought a new stake in Alibaba Group during the 1st quarter valued at $31,000. Finally, Valley National Advisers Inc. boosted its position in Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 161 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BABA. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Bank of America decreased their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a report on Friday, July 11th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective for the company. in a report on Tuesday, June 24th. Benchmark reiterated a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Finally, Barclays decreased 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. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.29.

Alibaba Group Stock Performance

BABA stock traded down $0.62 during midday trading on Friday, reaching $120.34. The stock had a trading volume of 9,749,766 shares, compared to its average volume of 13,689,386. The stock has a market cap of $287.05 billion, a PE ratio of 16.15, a P/E/G ratio of 1.78 and a beta of 0.17. 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 firm has a fifty day simple moving average of $115.78 and a two-hundred day simple moving average of $119.17. Alibaba Group Holding Limited has a 52-week low of $77.74 and a 52-week high of $148.43.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a dividend of $0.95 per share. This represents a yield of 80.0%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is currently 12.75%.

Alibaba Group 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.