Osborne Partners Capital Management LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,810 shares of the specialty retailer's stock after selling 4,325 shares during the quarter. Osborne Partners Capital Management LLC's holdings in Alibaba Group were worth $14,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Berkshire Asset Management LLC PA purchased a new stake in Alibaba Group during the fourth quarter valued at about $911,000. KMG Fiduciary Partners LLC bought a new stake in shares of Alibaba Group in the 1st quarter valued at about $1,948,000. Bailard Inc. boosted its holdings in Alibaba Group by 46.3% during the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock valued at $869,000 after acquiring an additional 3,242 shares during the period. Fiduciary Alliance LLC grew its position in Alibaba Group by 18.3% during the 1st 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. Finally, Avaii Wealth Management LLC bought a new position in Alibaba Group during the 1st quarter worth approximately $563,000. Hedge funds and other institutional investors own 13.47% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Arete Research raised Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday, May 14th. Wall Street Zen raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Bank of America boosted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Robert W. Baird dropped their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $154.21.
Check Out Our Latest Research Report on BABA
Alibaba Group Price Performance
Shares of NYSE BABA opened at $113.38 on Friday. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The stock has a market capitalization of $270.44 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.47 and a beta of 0.22. The company's 50-day moving average is $119.24 and its 200 day moving average is $111.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48.
Alibaba Group Cuts Dividend
The company 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. 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%.
Alibaba Group Company Profile
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Free Report)
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.
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