12,128 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by Altman Advisors Inc.

Altman Advisors Inc. acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,128 shares of the specialty retailer's stock, valued at approximately $1,604,000.

A number of other hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in Alibaba Group during the first quarter valued at about $31,000. Bruce G. Allen Investments LLC acquired a new stake in Alibaba Group during the first quarter worth $31,000. LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group during the first quarter valued at approximately $35,000. Valley National Advisers Inc. lifted its holdings in shares of Alibaba Group by 151.9% during the first 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, ORG Partners LLC boosted its position in Alibaba Group by 950.0% in the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after buying an additional 285 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Alibaba Group stock traded down $1.20 during trading hours on Wednesday, hitting $115.77. The company had a trading volume of 14,374,682 shares, compared to its average volume of 20,088,044. The firm has a 50-day moving average of $117.18 and a 200 day moving average of $114.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $276.22 billion, a PE ratio of 14.08, a PEG ratio of 1.72 and a beta of 0.21. Alibaba Group Holding Limited has a one year low of $73.87 and a one year high of $148.43.

Alibaba Group Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on BABA shares. Benchmark lowered their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report 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. Barclays lowered their price target on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a report on Tuesday. Citigroup lowered their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Arete Research lowered shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.80.

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.