Wynn Capital LLC Has $1.75 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Wynn Capital LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,193 shares of the specialty retailer’s stock after purchasing an additional 180 shares during the period. Alibaba Group accounts for 1.0% of Wynn Capital LLC’s portfolio, making the stock its 29th largest position. Wynn Capital LLC’s holdings in Alibaba Group were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of BABA. Brighton Jones LLC grew its holdings in Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 981 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Alibaba Group during the 4th quarter worth $6,478,000. Bleakley Financial Group LLC grew its holdings in Alibaba Group by 7.1% during the 4th quarter. Bleakley Financial Group LLC now owns 11,846 shares of the specialty retailer’s stock worth $1,004,000 after acquiring an additional 790 shares during the period. Silver Oak Securities Incorporated acquired a new stake in Alibaba Group during the 4th quarter worth $265,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Alibaba Group during the 4th quarter worth $3,020,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Bank of America lifted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Mizuho lowered their target price on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 16th. JPMorgan Chase & Co. lifted 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. Finally, Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $154.21.

Alibaba Group Trading Down 0.4%

Shares of NYSE BABA opened at $119.48 on Friday. The company’s fifty day moving average is $118.11 and its 200-day moving average is $109.94. The stock has a market cap of $285.08 billion, a price-to-earnings ratio of 17.27, a P/E/G ratio of 0.61 and a beta of 0.22. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given 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%.

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.