2,529 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,529 shares of the specialty retailer's stock, valued at approximately $334,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after buying an additional 981 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Alibaba Group by 96.0% in the fourth quarter. Bank of New York Mellon Corp now owns 172,748 shares of the specialty retailer's stock valued at $14,647,000 after acquiring an additional 84,604 shares in the last quarter. US Bancorp DE grew its holdings in shares of Alibaba Group by 47.2% during the fourth quarter. US Bancorp DE now owns 46,018 shares of the specialty retailer's stock worth $3,902,000 after purchasing an additional 14,752 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Alibaba Group by 37.2% during the fourth quarter. Jones Financial Companies Lllp now owns 22,438 shares of the specialty retailer's stock worth $1,903,000 after purchasing an additional 6,081 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Alibaba Group by 15.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 49,137 shares of the specialty retailer's stock valued at $4,166,000 after purchasing an additional 6,492 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Alibaba Group stock traded down $2.04 during midday trading on Friday, reaching $108.67. The company's stock had a trading volume of 11,847,157 shares, compared to its average volume of 19,972,500. The firm has a market capitalization of $259.31 billion, a PE ratio of 14.59, a P/E/G ratio of 0.48 and a beta of 0.22. Alibaba Group Holding Limited has a fifty-two week low of $72.95 and a fifty-two week high of $148.43. The stock's 50 day simple moving average is $119.42 and its 200 day simple moving average is $113.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio is currently 13.83%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Citigroup decreased their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Benchmark decreased their price target on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a report on Tuesday, June 24th. Finally, Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $154.13.

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.