Jackson Square Capital LLC Makes New Investment in Alibaba Group Holding Limited (NYSE:BABA)

Jackson Square Capital LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,702 shares of the specialty retailer’s stock, valued at approximately $1,283,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marcum Wealth LLC boosted its position in shares of Alibaba Group by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer’s stock valued at $363,000 after acquiring an additional 86 shares during the period. Rings Capital Management LLC boosted its position in shares of Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after acquiring an additional 100 shares during the period. Lindbrook Capital LLC boosted its position in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock valued at $240,000 after acquiring an additional 101 shares during the period. Global Endowment Management LP boosted its position in shares of Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock valued at $642,000 after acquiring an additional 106 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in shares of Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock valued at $266,000 after acquiring an additional 108 shares during the period. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Down 3.4%

Shares of NYSE BABA opened at $112.71 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The firm’s fifty day moving average is $118.35 and its 200 day moving average is $110.93. The company has a market cap of $268.93 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on BABA shares. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Loop Capital set a $176.00 target price on shares of Alibaba Group in a research report on Friday, May 16th. Citigroup dropped their target price on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Bank of America lifted their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Barclays lifted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.