Quilter Plc Increases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Quilter Plc raised its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 27.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,597 shares of the specialty retailer's stock after purchasing an additional 8,503 shares during the quarter. Quilter Plc's holdings in Alibaba Group were worth $5,236,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new position in Alibaba Group during the first quarter valued at approximately $31,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alibaba Group in the 1st quarter valued at $31,000. ORG Partners LLC lifted its holdings in shares of Alibaba Group by 950.0% during the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 285 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in Alibaba Group during the 1st quarter worth $61,000. Finally, IAG Wealth Partners LLC boosted its holdings in Alibaba Group by 67.2% in the 1st quarter. IAG Wealth Partners LLC now owns 515 shares of the specialty retailer's stock worth $68,000 after acquiring an additional 207 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 0.5%

Alibaba Group stock opened at $113.99 on Friday. The firm has a market capitalization of $271.84 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.48 and a beta of 0.22. The company has a 50-day simple moving average of $119.66 and a 200-day simple moving average of $112.65. Alibaba Group Holding Limited has a one year low of $71.80 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55.

Alibaba Group Cuts Dividend

The firm also recently declared 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

Several research analysts have recently weighed in on BABA shares. Loop Capital set a $176.00 target price on shares of Alibaba Group in a research note on Friday, May 16th. Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price for the company. in a research note on Tuesday. Robert W. Baird reduced their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Citigroup lowered their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $154.13.

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.

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