Paladin Advisory Group LLC Has $126,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Paladin Advisory Group LLC decreased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 36.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 955 shares of the specialty retailer’s stock after selling 557 shares during the quarter. Paladin Advisory Group LLC’s holdings in Alibaba Group were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Alibaba Group in 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 fourth 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 period. Appaloosa LP raised its stake in shares of Alibaba Group by 18.4% in the fourth 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 in the last quarter. Janus Henderson Group PLC lifted its position in Alibaba Group by 95.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer’s stock worth $179,087,000 after purchasing an additional 1,030,999 shares during the period. Finally, Polunin Capital Partners Ltd boosted its stake in Alibaba Group by 218.1% during the first quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer’s stock worth $175,221,000 after buying an additional 908,544 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Performance

Shares of Alibaba Group stock opened at $120.30 on Thursday. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a market cap of $287.04 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.61 and a beta of 0.22. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $117.87 and a 200-day moving average of $110.53.

Alibaba Group Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.95 per share. 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 (DPR) is currently 13.83%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BABA shares. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Mizuho dropped their price objective 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 target price on shares of Alibaba Group in a research note on Friday, May 16th. Wall Street Zen cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, May 16th. Finally, Robert W. Baird cut their price target on shares of Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $154.21.

Alibaba Group Company 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.