Inscription Capital LLC Makes New $425,000 Investment in Alibaba Group Holding Limited (NYSE:BABA)

Inscription Capital LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,215 shares of the specialty retailer’s stock, valued at approximately $425,000.

Other large investors also recently modified their holdings of the company. Appaloosa LP grew its stake in Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after buying an additional 1,843,158 shares during the last quarter. Norges Bank acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $585,479,000. Bank of America Corp DE increased its stake in shares of Alibaba Group by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock worth $566,124,000 after purchasing an additional 438,537 shares during the period. Fisher Asset Management LLC lifted its holdings in Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Alibaba Group by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer’s stock valued at $390,885,000 after purchasing an additional 752,275 shares during the period. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on BABA. Sanford C. Bernstein raised Alibaba Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Benchmark lowered their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Finally, Bank of America lifted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and an average target price of $154.21.

Alibaba Group Stock Performance

Alibaba Group stock opened at $115.08 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market cap of $274.48 billion, a PE ratio of 15.45, a P/E/G ratio of 0.48 and a beta of 0.22. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The business’s 50-day moving average price is $118.89 and its two-hundred day moving average price is $111.50.

Alibaba Group Cuts Dividend

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