3,406 Shares in Alibaba Group Holding Limited (NYSE:BABA) Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,406 shares of the specialty retailer's stock, valued at approximately $450,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 981 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $3,785,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Alibaba Group by 13.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,058 shares of the specialty retailer's stock valued at $768,000 after acquiring an additional 1,070 shares during the last quarter. Cibc World Markets Corp increased its position in shares of Alibaba Group by 20.9% during the fourth quarter. Cibc World Markets Corp now owns 24,730 shares of the specialty retailer's stock valued at $2,097,000 after acquiring an additional 4,280 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Alibaba Group by 4.5% during the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock valued at $230,000 after acquiring an additional 116 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on BABA. Mizuho decreased their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Robert W. Baird cut their target price 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. Barclays cut their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday, July 15th. Loop Capital set a $176.00 target price on shares of Alibaba Group in a research report 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $150.80.

Alibaba Group Stock Performance

Alibaba Group stock traded down $0.13 during trading on Monday, reaching $120.11. The company had a trading volume of 17,851,896 shares, compared to its average volume of 20,207,244. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The firm's 50-day simple moving average is $116.76 and its 200 day simple moving average is $115.86. The firm has a market capitalization of $286.58 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.77 and a beta of 0.22. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

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

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.