Kingstone Capital Partners Texas LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Kingstone Capital Partners Texas LLC acquired a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,979 shares of the specialty retailer's stock, valued at approximately $337,000.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Alibaba Group in the 4th quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL raised its stake in 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 acquiring an additional 200 shares during the period. Redwood Park Advisors LLC bought a new stake in Alibaba Group during the 4th quarter worth approximately $52,000. Vision Financial Markets LLC bought a new stake in Alibaba Group during the 4th quarter worth approximately $55,000. Finally, Brown Shipley& Co Ltd raised its stake in Alibaba Group by 279.1% during the 4th quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock worth $55,000 after acquiring an additional 480 shares during the period. Institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BABA shares. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Mizuho decreased their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a report on Wednesday, May 14th. Finally, Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Price Performance

BABA traded down $1.17 during trading hours on Tuesday, hitting $119.56. The company's stock had a trading volume of 8,477,741 shares, compared to its average volume of 25,986,385. The business's 50-day moving average price is $121.08 and its 200-day moving average price is $108.37. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The stock has a market cap of $285.24 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

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

About Alibaba Group

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.