Foundations Investment Advisors LLC Raises Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• Foundations Investment Advisors LLC increased its stake in Alibaba by 7.4%, now holding 166,944 shares worth approximately $22.08 million.
• Several institutional investors significantly boosted their positions in Alibaba during the first quarter, with Hazlett Burt & Watson Inc. increasing by an astounding 1,960%.
• Analysts have mixed ratings for Alibaba, with a consensus rating of "Moderate Buy" and a price target of $153.29, despite recent downgrades from some firms.

Foundations Investment Advisors LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 166,944 shares of the specialty retailer's stock after purchasing an additional 11,504 shares during the quarter. Foundations Investment Advisors LLC's holdings in Alibaba Group were worth $22,075,000 as of its most recent SEC filing.

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

Alibaba Group Trading Up 2.6%

NYSE BABA traded up $3.09 during trading hours on Thursday, reaching $120.47. The company had a trading volume of 8,982,092 shares, compared to its average volume of 22,106,666. The stock has a 50-day moving average of $115.70 and a 200 day moving average of $117.44. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $287.37 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.76 and a beta of 0.21.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a $0.95 dividend. The ex-dividend date was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is currently 12.75%.

Analyst Ratings Changes

A number of research firms recently issued reports on BABA. Bank of America dropped their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Arete cut shares of 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. Robert W. Baird lowered their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.29.

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.