Arkadios Wealth Advisors Has $3.76 Million Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• Arkadios Wealth Advisors increased its holdings in Alibaba Group by 34.1%, purchasing an additional 7,241 shares to own a total of 28,447 shares worth approximately $3.76 million.
• Several other institutional investors acquired new positions or raised their stakes in Alibaba Group, including WCM Investment Management LLC and KMG Fiduciary Partners LLC, indicating a trend of increasing institutional investment.
• Alibaba Group's stock has a consensus rating of "Moderate Buy" with a target price of $153.29, despite recent fluctuations, including a 1.8% decline in its stock price.

Arkadios Wealth Advisors increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 34.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,447 shares of the specialty retailer's stock after acquiring an additional 7,241 shares during the period. Arkadios Wealth Advisors' holdings in Alibaba Group were worth $3,762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. boosted its position in shares of Alibaba Group by 1,960.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the period. Bruce G. Allen Investments LLC purchased a new stake in Alibaba Group during the first quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group in the first quarter worth about $31,000. Valley National Advisers Inc. boosted its holdings in shares of Alibaba Group by 151.9% in the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after buying an additional 161 shares during the period. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Alibaba Group in the first quarter worth approximately $35,000. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

NYSE BABA traded down $3.52 during trading on Friday, hitting $117.11. The company's stock had a trading volume of 3,777,039 shares, compared to its average volume of 22,005,457. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The firm has a market cap of $279.35 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 1.73 and a beta of 0.21. The firm has a 50 day moving average price of $115.68 and a 200 day moving average price of $117.71. 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

The business also recently declared a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a $0.95 dividend. This represents a yield of 80.0%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is currently 12.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BABA shares. Robert W. Baird reduced their price target 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. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Barclays dropped their price target on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Finally, Bank of America dropped their target price on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $153.29.

Alibaba Group 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.