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

Lakeshore Capital Group Inc. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,085 shares of the specialty retailer's stock, valued at approximately $1,194,000. Alibaba Group comprises about 1.8% of Lakeshore Capital Group Inc.'s portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also modified their holdings of the business. Appaloosa LP boosted its holdings in Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after purchasing an additional 1,843,158 shares in the last quarter. Norges Bank acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $585,479,000. Bank of America Corp DE grew its holdings in Alibaba Group by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after acquiring an additional 438,537 shares during the period. Fisher Asset Management LLC raised its position in Alibaba Group by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after acquiring an additional 78,757 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Alibaba Group by 19.5% in the fourth 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 valued at $390,885,000 after acquiring an additional 752,275 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Mizuho lowered their price target 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. Citigroup dropped their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Benchmark decreased their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock 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 given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Trading Down 2.4%

BABA traded down $2.86 during trading on Wednesday, hitting $116.66. The company's stock had a trading volume of 11,496,959 shares, compared to its average volume of 20,003,140. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $278.32 billion, a PE ratio of 16.86, a PEG ratio of 0.61 and a beta of 0.24. The firm's 50 day moving average price is $120.73 and its 200-day moving average price is $108.45. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.95 per share. 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 currently 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.