Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Purchases New Position in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired 4,080 shares of Alibaba Group, valued at approximately $539,000, making it the firm's 17th largest holding.
• Recent changes by multiple institutional investors have increased the overall institutional ownership of Alibaba to 13.47%.
• Brokerages have adjusted Alibaba's price targets, with Barclays lowering their target from $180.00 to $145.00, highlighting a shift in market sentiment.

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,080 shares of the specialty retailer's stock, valued at approximately $539,000. Alibaba Group makes up approximately 2.2% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Accent Capital Management LLC grew its position in Alibaba Group by 5.5% during the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock worth $209,000 after acquiring an additional 82 shares during the last quarter. Greenleaf Trust boosted its stake in Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock worth $1,102,000 after purchasing an additional 85 shares in the last quarter. Marcum Wealth LLC grew its holdings in shares of Alibaba Group by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after purchasing an additional 86 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Alibaba Group by 0.5% in the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock valued at $2,225,000 after buying an additional 89 shares in the last quarter. Finally, Institute for Wealth Management LLC. raised its holdings in shares of Alibaba Group by 1.1% in the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after buying an additional 93 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on BABA. Robert W. Baird decreased their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Bank of America decreased their price target on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Finally, Barclays decreased their price objective on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $153.29.

Alibaba Group Trading Up 0.0%

NYSE:BABA opened at $120.88 on Friday. 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 Holding Limited has a 1-year low of $77.74 and a 1-year high of $148.43. The firm has a market capitalization of $288.35 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.78 and a beta of 0.17. The business's 50-day moving average price is $115.65 and its two-hundred day moving average price is $118.93.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 80.0%. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.

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.

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