Lansforsakringar Fondforvaltning AB publ Acquires New Stake in Alibaba Group Holding Limited (NYSE:BABA)

Lansforsakringar Fondforvaltning AB publ bought 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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,405 shares of the specialty retailer's stock, valued at approximately $289,000.

Several other hedge funds also recently bought and sold shares of BABA. Sierra Ocean LLC purchased a new position in Alibaba Group during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL boosted its stake in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after buying an additional 200 shares during the period. Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $52,000. Vision Financial Markets LLC acquired a new stake in shares of Alibaba Group during the fourth quarter worth about $55,000. Finally, Brown Shipley& Co Ltd lifted its position in shares of Alibaba Group by 279.1% during the fourth quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock worth $55,000 after purchasing an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of BABA traded down $3.29 during mid-day trading on Friday, reaching $113.89. 17,187,371 shares of the company's stock were exchanged, compared to its average volume of 20,012,382. 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 capitalization of $271.72 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The business's fifty day simple moving average is $119.64 and its 200-day simple moving average is $108.81. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43.

Alibaba Group Cuts Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BABA. Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $154.21.

Alibaba Group Company 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.