Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. lifted its position in Alibaba Group Holding Limited (NYSE:BABA) by 788.3% during the first quarter, HoldingsChannel.com reports. The fund owned 7,293 shares of the specialty retailer’s stock after acquiring an additional 6,472 shares during the period. Bessemer Group Inc.’s holdings in Alibaba Group were worth $964,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group during the first quarter worth approximately $31,000. Inlight Wealth Management LLC purchased a new position in Alibaba Group during the first quarter worth approximately $31,000. ORG Partners LLC lifted its position in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer’s stock worth $42,000 after buying an additional 285 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new position in Alibaba Group during the fourth quarter worth approximately $52,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

BABA stock opened at $113.42 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $270.65 billion, a PE ratio of 15.22, a P/E/G ratio of 0.48 and a beta of 0.22. Alibaba Group Holding Limited has a 12-month low of $71.97 and a 12-month high of $148.43. The business’s fifty day moving average price is $119.83 and its 200 day moving average price is $113.33.

Alibaba Group Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued 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 dividend payout ratio is presently 13.83%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BABA. Mizuho reduced their price objective on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Arete Research downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 24th. Arete downgraded Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 price objective on the stock. in a research report on Tuesday, June 24th. Benchmark reduced their target price on Alibaba Group from $190.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $154.13.

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.