Banque Cantonale Vaudoise Takes Position in Alibaba Group Holding Limited (NYSE:BABA)

Banque Cantonale Vaudoise acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,321 shares of the specialty retailer’s stock, valued at approximately $2,422,000.

A number of other hedge funds also recently made changes to their positions in BABA. Trivest Advisors Ltd bought a new stake in shares of Alibaba Group during the 1st quarter valued at $295,270,000. Canopy Partners LLC purchased a new stake in shares of Alibaba Group during the 1st quarter valued at about $272,000. Kirtland Hills Capital Management LLC purchased a new position in shares of Alibaba Group during the 1st quarter worth about $276,000. Fiera Capital Corp purchased a new position in shares of Alibaba Group during the 1st quarter worth about $3,467,000. Finally, Hurley Capital LLC boosted its stake in shares of Alibaba Group by 316.7% during the 1st quarter. Hurley Capital LLC now owns 400 shares of the specialty retailer’s stock worth $53,000 after purchasing an additional 304 shares during the period. 13.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BABA has been the subject of several research reports. Robert W. Baird lowered their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Benchmark restated a “buy” rating on shares of Alibaba Group in a report on Monday, July 21st. Arete Research downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 24th. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Finally, Mizuho lowered their target price on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.29.

Alibaba Group Stock Performance

NYSE:BABA opened at $119.36 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a fifty-two week low of $73.87 and a fifty-two week high of $148.43. The stock has a market cap of $284.72 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.80 and a beta of 0.21. The firm’s fifty day simple moving average is $115.82 and its 200-day simple moving average is $117.44.

Alibaba Group Cuts Dividend

The company also recently announced a — dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a $0.95 dividend. The ex-dividend date was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group’s dividend payout ratio (DPR) is 12.75%.

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.