Pzena Investment Management LLC Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Pzena Investment Management LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,926 shares of the specialty retailer’s stock after buying an additional 20,083 shares during the quarter. Pzena Investment Management LLC’s holdings in Alibaba Group were worth $4,877,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Private Advisor Group LLC boosted its stake in Alibaba Group by 37.7% during the third quarter. Private Advisor Group LLC now owns 63,730 shares of the specialty retailer’s stock valued at $5,528,000 after buying an additional 17,435 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in Alibaba Group during the third quarter valued at approximately $278,000. MGO One Seven LLC purchased a new stake in Alibaba Group during the third quarter valued at approximately $307,000. Signaturefd LLC raised its position in Alibaba Group by 3.1% during the third quarter. Signaturefd LLC now owns 27,953 shares of the specialty retailer’s stock valued at $2,425,000 after purchasing an additional 845 shares during the period. Finally, NBC Securities Inc. purchased a new stake in Alibaba Group during the third quarter valued at approximately $446,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 2.3 %

NYSE BABA traded down $1.92 during midday trading on Thursday, hitting $80.76. 10,887,583 shares of the company traded hands, compared to its average volume of 18,473,941. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $102.50. The company’s 50-day simple moving average is $75.62 and its 200-day simple moving average is $75.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.80. The company has a market cap of $204.93 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 0.52 and a beta of 0.44.

Alibaba Group Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be given a dividend of $1.66 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio is currently 22.84%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group decreased their price objective on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Citigroup decreased their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Mizuho reduced their price target on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Macquarie downgraded Alibaba Group from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $88.50 to $85.40 in a report on Thursday, February 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 price target on shares of Alibaba Group in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.96.

Read Our Latest Research Report on Alibaba Group

Alibaba Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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