16,154 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd

NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd acquired a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,154 shares of the specialty retailer's stock, valued at approximately $2,136,000. Alibaba Group comprises approximately 10.5% of NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd's investment portfolio, making the stock its 3rd largest holding.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Alibaba Group during the 4th quarter worth about $585,479,000. Renaissance Technologies LLC grew its stake in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after acquiring an additional 2,024,640 shares in the last quarter. Appaloosa LP grew its stake in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Alibaba Group by 95.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock valued at $179,087,000 after purchasing an additional 1,030,999 shares during the last quarter. Finally, Polunin Capital Partners Ltd lifted its holdings in shares of Alibaba Group by 218.1% during the first quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer's stock worth $175,221,000 after buying an additional 908,544 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Trading Down 1.4%

Alibaba Group stock traded down $1.65 during midday trading on Wednesday, reaching $113.38. The stock had a trading volume of 13,953,384 shares, compared to its average volume of 19,969,189. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48. The firm has a market cap of $270.44 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.47 and a beta of 0.22. The firm's fifty day simple moving average is $118.89 and its two-hundred day simple moving average is $111.50.

Alibaba Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BABA shares. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Benchmark lowered their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Wall Street Zen raised Alibaba Group from a "hold" rating to a "buy" rating in a report on Saturday. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $154.21.

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.