Solstein Capital LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Solstein Capital LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,200 shares of the specialty retailer's stock, valued at approximately $1,481,000. Alibaba Group accounts for approximately 0.8% of Solstein Capital LLC's portfolio, making the stock its 29th biggest holding.

Several other large investors have also modified their holdings of the company. Appaloosa LP boosted its holdings 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 acquiring an additional 1,843,158 shares during the period. Norges Bank acquired a new stake in shares of Alibaba Group during the fourth quarter worth $585,479,000. Bank of America Corp DE lifted its holdings in shares of Alibaba Group by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after purchasing an additional 438,537 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Alibaba Group by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alibaba Group by 19.5% during 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 purchasing an additional 752,275 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BABA. Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Mizuho cut their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Trading Down 3.4%

Shares of BABA stock opened at $112.71 on Monday. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The stock has a market cap of $268.93 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.61 and a beta of 0.22. The business has a fifty day simple moving average of $118.35 and a 200-day simple moving average of $111.27. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

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

Alibaba Group Company 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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