NBC Securities Inc. Has $840,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

NBC Securities Inc. boosted its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 90,642.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,352 shares of the specialty retailer's stock after acquiring an additional 6,345 shares during the quarter. NBC Securities Inc.'s holdings in Alibaba Group were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fiduciary Alliance LLC increased its position in shares of Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after acquiring an additional 18,230 shares during the last quarter. Baker Tilly Wealth Management LLC raised its stake in Alibaba Group by 9.0% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,160 shares of the specialty retailer's stock valued at $418,000 after acquiring an additional 261 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in Alibaba Group during the 1st quarter valued at $10,590,000. Polunin Capital Partners Ltd raised its stake in Alibaba Group by 218.1% during the 1st quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer's stock valued at $175,221,000 after acquiring an additional 908,544 shares in the last quarter. Finally, JTC Employer Solutions Trustee Ltd increased its position in shares of Alibaba Group by 19.9% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 13,170 shares of the specialty retailer's stock valued at $1,739,000 after purchasing an additional 2,184 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Performance

NYSE:BABA traded up $0.54 during mid-day trading on Thursday, hitting $119.99. The stock had a trading volume of 15,323,946 shares, compared to its average volume of 19,994,610. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The stock has a market cap of $286.26 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 0.61 and a beta of 0.24. The company's 50 day simple moving average is $118.62 and its 200 day simple moving average is $109.35. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. 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 presently 13.83%.

Analyst Ratings Changes

BABA has been the topic of a number of recent research reports. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Citigroup reduced their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Loop Capital set a $176.00 price objective on Alibaba Group in a research note on Friday, May 16th. One 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 data from MarketBeat.com, Alibaba Group presently 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.