Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 10.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,050 shares of the specialty retailer’s stock after purchasing an additional 100 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Alibaba Group were worth $139,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. WCM Investment Management LLC purchased a new position in Alibaba Group in the 1st quarter valued at approximately $4,074,000. KMG Fiduciary Partners LLC acquired a new position in shares of Alibaba Group in the first quarter worth about $1,948,000. Avaii Wealth Management LLC bought a new stake in Alibaba Group in the first quarter valued at about $563,000. Fiduciary Alliance LLC grew its holdings in shares of Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer’s stock valued at $15,596,000 after purchasing an additional 18,230 shares during the last quarter. Finally, Summa Corp. lifted 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 period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BABA. Mizuho reduced their price target on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Arete Research cut shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 24th. Benchmark reduced their target price on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, May 16th. Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Finally, Robert W. Baird dropped their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.80.

Alibaba Group Price Performance

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 company has a market cap of $279.59 billion, a P/E ratio of 15.73, a PEG ratio of 1.70 and a beta of 0.21. The stock’s 50-day moving average is $116.86 and its 200 day moving average is $115.19. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43.

Alibaba Group Cuts Dividend

The business also recently declared a — dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were given a dividend of $0.95 per share. 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 presently 12.75%.

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.