one8zero8 LLC Takes $264,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

one8zero8 LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,000 shares of the specialty retailer’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC bought a new stake in Alibaba Group in the 1st quarter worth about $4,074,000. KMG Fiduciary Partners LLC bought a new stake in Alibaba Group in the 1st quarter worth about $1,948,000. Avaii Wealth Management LLC bought a new stake in Alibaba Group in the 1st quarter worth about $563,000. Fiduciary Alliance LLC increased its holdings in Alibaba Group by 18.3% in the 1st quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer’s stock worth $15,596,000 after buying an additional 18,230 shares in the last quarter. Finally, Summa Corp. boosted its position in Alibaba Group by 28.7% in the first quarter. Summa Corp. now owns 71,673 shares of the specialty retailer’s stock worth $9,477,000 after purchasing an additional 16,000 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 0.9%

NYSE BABA opened at $120.05 on Monday. The stock’s 50 day moving average is $115.96 and its 200 day moving average is $117.13. 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 12 month low of $73.87 and a 12 month high of $148.43. The stock has a market cap of $286.35 billion, a PE ratio of 16.11, a P/E/G ratio of 1.77 and a beta of 0.22.

Alibaba Group Cuts Dividend

The firm also recently declared a — dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued a $0.95 dividend. The ex-dividend date was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group’s dividend payout ratio is presently 12.75%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BABA shares. Arete Research cut Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 24th. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Mizuho dropped their target price on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Finally, Barclays dropped their target price 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 equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.29.

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.