Northstar Advisory Group LLC Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Northstar Advisory Group LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,029 shares of the specialty retailer’s stock, valued at approximately $797,000.

A number of other large investors have also added to or reduced their stakes in BABA. Appaloosa LP boosted its position in Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. Norges Bank bought a new stake in shares of Alibaba Group during the 4th quarter worth about $585,479,000. Bank of America Corp DE grew its stake in Alibaba Group by 7.0% in the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock valued at $566,124,000 after buying an additional 438,537 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock valued at $431,906,000 after acquiring an additional 78,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 acquiring an additional 752,275 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the subject of a number of research analyst reports. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, May 16th. Mizuho reduced their price target on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $154.21.

Alibaba Group Stock Down 0.4%

Shares of NYSE BABA opened at $119.48 on Monday. The stock has a market capitalization of $285.08 billion, a P/E ratio of 17.27, a PEG ratio of 0.61 and a beta of 0.22. The stock’s fifty day moving average is $118.11 and its 200 day moving average is $110.11. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group Cuts Dividend

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

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.