Argonautica Private Wealth Management Inc. Purchases New Stake in Alibaba Group Holding Limited (NYSE:BABA)

Argonautica Private Wealth Management Inc. bought a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,020 shares of the specialty retailer's stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Holistic Financial Partners acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $246,000. Pinnacle Associates Ltd. boosted its holdings in shares of Alibaba Group by 2,185.1% during the 1st quarter. Pinnacle Associates Ltd. now owns 100,133 shares of the specialty retailer's stock worth $13,241,000 after buying an additional 95,751 shares in the last quarter. AE Wealth Management LLC grew its position in shares of Alibaba Group by 21.7% during the 1st quarter. AE Wealth Management LLC now owns 18,666 shares of the specialty retailer's stock worth $2,468,000 after buying an additional 3,332 shares during the period. Winthrop Capital Management LLC increased its stake in shares of Alibaba Group by 47.1% in the 1st quarter. Winthrop Capital Management LLC now owns 1,381 shares of the specialty retailer's stock valued at $183,000 after acquiring an additional 442 shares in the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Alibaba Group in the 1st quarter valued at $203,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BABA. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Mizuho reduced their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Citigroup dropped their price target 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. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research note on Wednesday, May 14th. Finally, Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research report on Monday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Alibaba Group currently has an average rating of "Moderate Buy" and a consensus price target of $150.80.

Alibaba Group Stock Down 0.9%

Shares of NYSE BABA traded down $1.11 during trading on Friday, hitting $120.05. The stock had a trading volume of 7,032,735 shares, compared to its average volume of 14,650,496. The firm has a fifty day moving average of $116.02 and a two-hundred day moving average of $116.43. The company has a market capitalization of $286.43 billion, a PE ratio of 16.11, a PEG ratio of 1.78 and a beta of 0.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month 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 paid a $0.95 dividend. The ex-dividend date was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 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.