Barden Capital Management Inc. Purchases New Position in Alibaba Group Holding Limited (NYSE:BABA)

Barden Capital Management Inc. purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,204 shares of the specialty retailer’s stock, valued at approximately $688,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 981 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Alibaba Group during the fourth quarter valued at about $6,478,000. Bleakley Financial Group LLC grew its stake in shares of Alibaba Group by 7.1% during the fourth quarter. Bleakley Financial Group LLC now owns 11,846 shares of the specialty retailer’s stock valued at $1,004,000 after acquiring an additional 790 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Alibaba Group during the fourth quarter valued at about $265,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Alibaba Group during the fourth quarter valued at about $3,020,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of NYSE BABA opened at $119.48 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $118.11 and its two-hundred day moving average price is $109.94. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The stock has a market capitalization of $285.08 billion, a P/E ratio of 17.27, a P/E/G ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group’s dividend payout ratio is currently 13.83%.

Analyst Ratings Changes

Several analysts have recently weighed in on BABA shares. Mizuho lowered their target price on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Wall Street Zen downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Alibaba Group currently has an average rating of “Buy” and a consensus target price of $154.21.

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.