Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,578 shares of the specialty retailer’s stock after buying an additional 93 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Alibaba Group were worth $1,134,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Appaloosa LP increased its holdings in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Norges Bank acquired a new position in shares of Alibaba Group in the 4th quarter worth $585,479,000. Bank of America Corp DE raised its position in shares of Alibaba Group by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock worth $566,124,000 after purchasing an additional 438,537 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Alibaba Group by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alibaba Group by 19.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer’s stock valued at $390,885,000 after purchasing an additional 752,275 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 1.4%

Shares of NYSE:BABA opened at $113.38 on Friday. The firm has a fifty day moving average of $119.24 and a two-hundred day moving average of $111.70. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The firm has a market capitalization of $270.44 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22.

Alibaba Group Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group’s payout ratio is 13.83%.

Analyst Ratings Changes

Several analysts have issued reports on BABA shares. Bank of America boosted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their target price 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. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Mizuho decreased their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Finally, Robert W. Baird lowered their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $154.21.

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.