SeaBridge Investment Advisors LLC Buys 11,252 Shares of Alibaba Group Holding Limited (NYSE:BABA)

SeaBridge Investment Advisors LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 70.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,177 shares of the specialty retailer's stock after acquiring an additional 11,252 shares during the quarter. SeaBridge Investment Advisors LLC's holdings in Alibaba Group were worth $3,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $585,479,000. Bank of America Corp DE grew its stake in shares of Alibaba Group by 7.0% in the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after buying an additional 438,537 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Alibaba Group by 19.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after purchasing an additional 752,275 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after buying an additional 4,246,564 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Alibaba Group by 1.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,978,977 shares of the specialty retailer's stock valued at $337,377,000 after buying an additional 44,901 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

BABA traded down $1.20 on Wednesday, hitting $115.77. 14,374,682 shares of the stock were exchanged, compared to its average volume of 20,088,044. The firm has a market capitalization of $276.22 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.72 and a beta of 0.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43. The business has a 50-day moving average of $117.18 and a two-hundred day moving average of $114.96.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is currently 12.75%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Benchmark decreased their price target on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Citigroup lowered their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Finally, Robert W. Baird decreased their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Alibaba Group has an average rating of "Moderate Buy" and a consensus price target of $150.80.

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.