Bellecapital International Ltd. Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Bellecapital International Ltd. acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,285 shares of the specialty retailer’s stock, valued at approximately $302,000.

Several other institutional investors also recently modified their holdings of the stock. Bruce G. Allen Investments LLC bought a new stake in Alibaba Group in the first quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL grew its stake in Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC bought a new stake in Alibaba Group during the 4th quarter valued at $52,000. Finally, Vision Financial Markets LLC acquired a new position in Alibaba Group during the fourth quarter worth $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 1.3%

BABA stock opened at $120.30 on Thursday. The stock has a fifty day moving average of $117.87 and a 200-day moving average of $110.53. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The company has a market capitalization of $287.04 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.61 and a beta of 0.22. 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 business also recently declared a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s payout ratio is currently 13.83%.

Analyst Ratings Changes

BABA has been the subject of a number of analyst reports. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Benchmark decreased their price target on Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a report on Friday, May 16th. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a report on Wednesday, May 14th. Finally, Mizuho cut their price target on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and an average price target of $154.21.

About Alibaba Group

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.