XTX Topco Ltd Makes New $4.20 Million Investment in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• XTX Topco Ltd has made a new investment of approximately $4.20 million in Alibaba Group, acquiring 31,730 shares of the company's stock.
• Analysts have set varied price targets for Alibaba Group, with Morgan Stanley at $180.00 and Barclays lowering their target to $145.00, reflecting a consensus rating of "Moderate Buy."
• Alibaba Group recently declared a dividend of $0.95 per share, representing a yield of 0.8%, with a payout ratio of 12.75%.

XTX Topco Ltd bought a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,730 shares of the specialty retailer's stock, valued at approximately $4,196,000.

A number of other large investors have also added to or reduced their stakes in BABA. Brighton Jones LLC grew its position in Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 981 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Alibaba Group by 28.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 28,203 shares of the specialty retailer's stock valued at $2,412,000 after acquiring an additional 6,273 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Alibaba Group by 4.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 240,611 shares of the specialty retailer's stock valued at $20,401,000 after acquiring an additional 11,200 shares during the period. Level Four Advisory Services LLC grew its position in shares of Alibaba Group by 18.7% during the 4th quarter. Level Four Advisory Services LLC now owns 3,167 shares of the specialty retailer's stock valued at $269,000 after acquiring an additional 500 shares during the period. Finally, DnB Asset Management AS bought a new stake in shares of Alibaba Group during the 4th quarter valued at $548,000. Institutional investors own 13.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BABA shares. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 14th. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Barclays lowered their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 15th. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research note on Tuesday, June 24th. Finally, Loop Capital set a $176.00 target price on shares of Alibaba Group in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and an average target price of $153.29.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $122.19 on Tuesday. The company has a market capitalization of $291.47 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.77 and a beta of 0.22. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43. The firm's 50-day moving average is $115.94 and its 200 day moving average is $117.42. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The company 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 of this dividend was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is 12.75%.

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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