Lighthouse Financial LLC Makes New $237,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Lighthouse Financial LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,800 shares of the specialty retailer's stock, valued at approximately $237,000.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in Alibaba Group in the 4th quarter valued at $585,479,000. Renaissance Technologies LLC grew its stake in shares of Alibaba Group by 208.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after acquiring an additional 2,024,640 shares in the last quarter. Appaloosa LP increased its position in Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Janus Henderson Group PLC raised its stake in Alibaba Group by 95.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after purchasing an additional 1,030,999 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Alibaba Group in the 4th quarter valued at about $73,727,000. 13.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BABA shares. Robert W. Baird lowered their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Citigroup dropped their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Mizuho cut their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. 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 report on Friday, May 16th. Finally, Bank of America upped their price objective 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. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Price Performance

NYSE:BABA traded down $3.29 on Friday, hitting $113.89. The company had a trading volume of 17,181,812 shares, compared to its average volume of 19,987,870. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. 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 has a market capitalization of $271.72 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.61 and a beta of 0.24. The firm has a 50 day moving average of $120.01 and a two-hundred day moving average of $108.65.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, July 10th. Shareholders 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 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.