Dymon Asia Capital Singapore PTE. LTD. Takes $237,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,055 shares of the specialty retailer’s stock, valued at approximately $237,000. Alibaba Group accounts for about 0.1% of Dymon Asia Capital Singapore PTE. LTD.’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Primecap Management Co. CA grew its holdings in shares of Alibaba Group by 5.1% in the 4th quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock valued at $1,412,618,000 after buying an additional 881,710 shares during the period. Sanders Capital LLC increased its holdings in shares of Alibaba Group by 5.4% in the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock worth $1,228,398,000 after acquiring an additional 819,019 shares in the last quarter. Morgan Stanley increased its holdings in shares of Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares in the last quarter. Norges Bank bought a new position in shares of Alibaba Group during the 4th quarter valued at about $329,367,000. Finally, American Century Companies Inc. grew its position in shares of Alibaba Group by 65.6% in the 3rd quarter. American Century Companies Inc. now owns 3,508,392 shares of the specialty retailer’s stock valued at $304,318,000 after purchasing an additional 1,389,233 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Bank of America lifted their price target on shares of Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Benchmark restated a “buy” rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Wednesday, May 15th. Macquarie cut shares of Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.96.

Alibaba Group Stock Performance

Shares of BABA stock traded up $0.55 during trading on Tuesday, reaching $78.45. 10,769,692 shares of the company’s stock were exchanged, compared to its average volume of 18,649,303. The firm’s fifty day moving average price is $76.83 and its 200-day moving average price is $74.93. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The stock has a market capitalization of $199.07 billion, a PE ratio of 18.29, a PEG ratio of 0.48 and a beta of 0.38. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group Announces Dividend

The business also recently announced a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be paid a dividend of $1.66 per share. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Thursday, June 13th. Alibaba Group’s dividend payout ratio is presently 22.84%.

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.