Lakeshore Capital Group Inc. Purchases New Position in Alibaba Group Holding Limited (NYSE:BABA)

Lakeshore Capital Group Inc. purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,085 shares of the specialty retailer's stock, valued at approximately $1,194,000. Alibaba Group makes up 1.8% of Lakeshore Capital Group Inc.'s holdings, making the stock its 19th biggest holding.

Several other institutional investors have also added to or reduced their stakes in BABA. Brighton Jones LLC boosted its holdings in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 981 shares during the period. DGS Capital Management LLC boosted its holdings in Alibaba Group by 3.9% during the 4th quarter. DGS Capital Management LLC now owns 5,106 shares of the specialty retailer's stock valued at $433,000 after acquiring an additional 191 shares during the period. Applied Capital LLC FL boosted its holdings in Alibaba Group by 2.3% during the 4th quarter. Applied Capital LLC FL now owns 6,785 shares of the specialty retailer's stock valued at $575,000 after acquiring an additional 152 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Alibaba Group during the 4th quarter valued at $232,000. Finally, PFG Investments LLC boosted its holdings in Alibaba Group by 17.9% during the 4th quarter. PFG Investments LLC now owns 10,718 shares of the specialty retailer's stock valued at $909,000 after acquiring an additional 1,625 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded down $1.17 on Tuesday, hitting $119.56. 8,515,575 shares of the company were exchanged, compared to its average volume of 20,037,132. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock'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 1-year low of $71.80 and a 1-year high of $148.43. The firm has a market capitalization of $285.24 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

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 issued 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 (DPR) is presently 13.83%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Benchmark decreased their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Finally, Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of "Buy" and a consensus price target of $154.21.

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.