Invesco Ltd. Raises Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Invesco Ltd. raised its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 55.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,513,012 shares of the specialty retailer's stock after buying an additional 1,259,718 shares during the period. Invesco Ltd. owned approximately 0.15% of Alibaba Group worth $464,526,000 at the end of the most recent reporting period.

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Other hedge funds also recently added to or reduced their stakes in the company. Accent Capital Management LLC increased its stake in shares of Alibaba Group by 5.5% during the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock worth $209,000 after purchasing an additional 82 shares in the last quarter. Greenleaf Trust increased its stake in shares of Alibaba Group by 1.0% during the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock worth $1,102,000 after purchasing an additional 85 shares in the last quarter. Marcum Wealth LLC increased its stake in shares of Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after purchasing an additional 86 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Alibaba Group by 0.5% during the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after purchasing an additional 89 shares in the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in shares of Alibaba Group by 1.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after purchasing an additional 93 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 0.5%

Shares of BABA opened at $120.34 on Monday. The firm has a market cap of $286.99 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.77 and a beta of 0.17. The company's fifty day moving average is $115.78 and its two-hundred day moving average is $119.63. Alibaba Group Holding Limited has a fifty-two week low of $77.74 and a fifty-two week high of $148.43. 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 Cuts Dividend

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The firm also recently announced a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, June 12th. This represents a dividend yield of 80.0%. Alibaba Group's payout ratio is presently 12.75%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BABA shares. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research report on Tuesday, June 24th. Arete Research lowered shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Finally, Barclays decreased their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $153.29.

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Check Out Our Latest Stock Analysis on BABA

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.

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