Calamos Advisors LLC Acquires 19,828 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Calamos Advisors LLC raised its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 42.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,465 shares of the specialty retailer's stock after purchasing an additional 19,828 shares during the quarter. Calamos Advisors LLC's holdings in Alibaba Group were worth $8,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bruce G. Allen Investments LLC purchased a new position in shares of Alibaba Group in the first quarter worth about $31,000. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group in the first quarter valued at approximately $31,000. Valley National Advisers Inc. boosted its stake in shares of Alibaba Group by 151.9% in the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after buying an additional 161 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group during the first quarter worth $35,000. Finally, ORG Partners LLC boosted its position in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

BABA traded down $4.04 on Wednesday, hitting $103.95. 17,982,191 shares of the stock traded hands, compared to its average volume of 19,979,086. The firm has a market capitalization of $248.05 billion, a PE ratio of 13.95, a P/E/G ratio of 0.46 and a beta of 0.22. The business has a fifty day moving average price of $118.73 and a two-hundred day moving average price of $114.15. 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 Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43.

Alibaba Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley set a $180.00 price target on Alibaba Group in a research report on Wednesday, May 14th. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a report on Tuesday, June 24th. Loop Capital set a $176.00 target price on Alibaba Group in a report on Friday, May 16th. Finally, Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $154.13.

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.