Stephens Inc. AR Buys 118 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Stephens Inc. AR raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,366 shares of the specialty retailer’s stock after buying an additional 118 shares during the quarter. Stephens Inc. AR’s holdings in Alibaba Group were worth $974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kathmere Capital Management LLC lifted its holdings in Alibaba Group by 72.1% during the first quarter. Kathmere Capital Management LLC now owns 9,159 shares of the specialty retailer’s stock valued at $1,211,000 after purchasing an additional 3,838 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Alibaba Group by 5.5% during the first quarter. Ballentine Partners LLC now owns 14,651 shares of the specialty retailer’s stock valued at $1,937,000 after purchasing an additional 759 shares during the period. Berbice Capital Management LLC purchased a new stake in Alibaba Group in the first quarter worth about $66,000. Riversedge Advisors LLC raised its holdings in Alibaba Group by 36.1% in the first quarter. Riversedge Advisors LLC now owns 3,626 shares of the specialty retailer’s stock worth $479,000 after purchasing an additional 962 shares in the last quarter. Finally, Applied Capital LLC FL raised its holdings in Alibaba Group by 6.7% in the first quarter. Applied Capital LLC FL now owns 7,238 shares of the specialty retailer’s stock worth $957,000 after purchasing an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Up 1.3%

Shares of BABA stock opened at $117.18 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $279.59 billion, a PE ratio of 15.73, a P/E/G ratio of 1.70 and a beta of 0.21. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43. The business’s fifty day moving average price is $116.86 and its 200 day moving average price is $115.19.

Alibaba Group Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group’s dividend payout ratio (DPR) is 12.75%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Arete Research downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 24th. Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Benchmark reduced their price objective on Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a research note on Friday, May 16th. Finally, Arete downgraded Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 target price for the company. in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.80.

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.