Simon Quick Advisors LLC Buys 3,059 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Simon Quick Advisors LLC grew its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 116.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,684 shares of the specialty retailer's stock after acquiring an additional 3,059 shares during the quarter. Simon Quick Advisors LLC's holdings in Alibaba Group were worth $752,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Appaloosa LP grew its stake in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. Norges Bank acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $585,479,000. Bank of America Corp DE increased its stake in shares of Alibaba Group by 7.0% in the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after acquiring an additional 438,537 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock valued at $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Alibaba Group by 19.5% in the fourth 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 acquiring an additional 752,275 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Down 3.4%

Shares of NYSE:BABA traded down $3.91 during mid-day trading on Friday, hitting $112.71. The stock had a trading volume of 13,309,167 shares, compared to its average volume of 19,991,586. The company's 50 day moving average is $118.08 and its 200-day moving average is $110.74. The company has a market cap of $268.93 billion, a PE ratio of 16.29, a P/E/G ratio of 0.61 and a beta of 0.22. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month 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 1.48.

Alibaba Group Cuts Dividend

The firm 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 payout ratio is presently 13.83%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BABA. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Loop Capital set a $176.00 target price on shares of Alibaba Group in a research note on Friday, May 16th. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Benchmark lowered their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price 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.