Lakeshore Capital Group Inc. Acquires Shares of 14,085 Alibaba Group Holding Limited (NYSE:BABA)

Lakeshore Capital Group Inc. purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Rings Capital Management LLC grew its position in shares of Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after purchasing an additional 100 shares during the period. Lindbrook Capital LLC grew its holdings in Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after buying an additional 101 shares during the period. Global Endowment Management LP grew its holdings in Alibaba Group by 1.4% in the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after buying an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after buying an additional 108 shares during the period. Finally, TBH Global Asset Management LLC grew its holdings in Alibaba Group by 2.4% in the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock valued at $407,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BABA. Barclays boosted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Benchmark lowered their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 14th. Loop Capital set a $176.00 price target on Alibaba Group in a research report on Friday, May 16th. Finally, Arete Research raised Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Stock Up 0.4%

NYSE BABA traded up $0.51 on Thursday, reaching $117.25. The company had a trading volume of 7,566,412 shares, compared to its average volume of 19,975,530. The firm has a market capitalization of $279.72 billion, a PE ratio of 16.92, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The firm has a 50-day moving average of $120.36 and a 200-day moving average of $108.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group Cuts Dividend

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

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.