Madrona Financial Services LLC Takes $264,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Madrona Financial Services LLC bought a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,995 shares of the specialty retailer’s stock, valued at approximately $264,000.

Several other large investors have also recently modified their holdings of BABA. Norges Bank bought a new position in shares of Alibaba Group during the 4th quarter valued at approximately $585,479,000. Renaissance Technologies LLC increased its position in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer’s stock valued at $254,000,000 after purchasing an additional 2,024,640 shares during the last quarter. Appaloosa LP increased its position in shares of Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock valued at $1,004,181,000 after purchasing an additional 1,843,158 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Alibaba Group by 95.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer’s stock valued at $179,087,000 after purchasing an additional 1,030,999 shares during the last quarter. Finally, Polunin Capital Partners Ltd increased its position in shares of Alibaba Group by 218.1% during the 1st quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer’s stock valued at $175,221,000 after purchasing an additional 908,544 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Price Performance

Shares of BABA stock opened at $114.50 on Thursday. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The stock has a market capitalization of $273.06 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 0.49 and a beta of 0.22. The stock has a fifty day simple moving average of $119.56 and a two-hundred day simple moving average of $112.50. The company has a current ratio of 1.55, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group’s dividend payout ratio (DPR) is currently 13.83%.

Analysts Set New Price Targets

BABA has been the topic of several analyst reports. Loop Capital set a $176.00 target price on Alibaba Group in a research report on Friday, May 16th. Mizuho dropped 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. Citigroup dropped 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. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Finally, Wall Street Zen upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.13.

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.