Insigneo Advisory Services LLC Raises Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Insigneo Advisory Services LLC lifted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 27.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,418 shares of the specialty retailer’s stock after purchasing an additional 5,097 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Alibaba Group were worth $3,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bruce G. Allen Investments LLC purchased a new stake in Alibaba Group in the first quarter worth $31,000. Sierra Ocean LLC bought a new position in Alibaba Group in the fourth quarter worth $32,000. IAG Wealth Partners LLC raised its holdings in Alibaba Group by 67.2% in the first quarter. IAG Wealth Partners LLC now owns 515 shares of the specialty retailer’s stock worth $68,000 after purchasing an additional 207 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in shares of Alibaba Group by 217.6% during the first quarter. Financial Management Professionals Inc. now owns 524 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 359 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $115.95 on Tuesday. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week 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. The stock’s fifty day moving average is $118.69 and its two-hundred day moving average is $111.47. The company has a market capitalization of $276.65 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

The company also recently declared a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s payout ratio is 13.83%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a report on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Mizuho reduced their price objective on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 16th. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Citigroup reduced their price objective on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Fifteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $154.21.

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.