Tabor Asset Management LP bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,975 shares of the specialty retailer's stock, valued at approximately $393,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BABA. Hazlett Burt & Watson Inc. increased its stake in shares of Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares during the period. Inlight Wealth Management LLC acquired a new stake in Alibaba Group in the 1st quarter valued at approximately $31,000. Bruce G. Allen Investments LLC bought a new position in Alibaba Group in the 1st quarter worth approximately $31,000. LFA Lugano Financial Advisors SA bought a new position in Alibaba Group in the 1st quarter worth approximately $35,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of Alibaba Group by 151.9% during the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after buying an additional 161 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.
Alibaba Group Price Performance
BABA stock traded down $1.25 during trading on Thursday, hitting $121.33. 9,845,488 shares of the stock traded hands, compared to its average volume of 22,504,887. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market cap of $289.49 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.78 and a beta of 0.21. Alibaba Group Holding Limited has a one year low of $73.87 and a one year high of $148.43. The company has a 50 day simple moving average of $116.07 and a 200 day simple moving average of $116.18.
Alibaba Group Cuts Dividend
The firm also recently declared a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued 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 12.75%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Bank of America dropped their target price on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research report on Tuesday, June 24th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research report on Friday, May 16th. Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Mizuho lowered their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $150.80.
Check Out Our Latest Stock Report on Alibaba Group
Alibaba Group Company Profile
(
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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