Mutual Advisors LLC Has $459,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Mutual Advisors LLC decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 69.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,818 shares of the specialty retailer's stock after selling 8,639 shares during the quarter. Mutual Advisors LLC's holdings in Alibaba Group were worth $459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new stake in Alibaba Group in the 1st quarter valued at about $31,000. Inlight Wealth Management LLC purchased a new position in Alibaba Group in the 1st quarter valued at about $31,000. Valley National Advisers Inc. lifted its holdings in Alibaba Group by 151.9% in the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 161 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Alibaba Group in the 1st quarter valued at about $35,000. Finally, ORG Partners LLC lifted its holdings in Alibaba Group by 950.0% in the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 285 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Stock Performance

Shares of BABA traded up $2.66 during mid-day trading on Thursday, hitting $106.49. The company's stock had a trading volume of 9,636,516 shares, compared to its average volume of 19,984,565. Alibaba Group Holding Limited has a one year low of $73.87 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $254.10 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. The stock's 50-day moving average is $118.42 and its two-hundred day moving average is $114.09.

Alibaba Group Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a report on Friday, May 16th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a report on Wednesday, May 14th. Citigroup cut their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Finally, Robert W. Baird cut their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group has an average rating of "Moderate Buy" and an average 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.