Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC lifted its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 39.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,608 shares of the specialty retailer's stock after acquiring an additional 7,266 shares during the period. Calamos Wealth Management LLC's holdings in Alibaba Group were worth $3,386,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BABA. Marcum Wealth LLC raised its holdings in Alibaba Group by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after buying an additional 86 shares during the period. Institute for Wealth Management LLC. lifted its position in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after purchasing an additional 93 shares in the last quarter. Rings Capital Management LLC lifted its position in shares of Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after purchasing an additional 100 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after purchasing an additional 101 shares in the last quarter. Finally, Global Endowment Management LP lifted its position in shares of Alibaba Group by 1.4% during the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of several research reports. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research report on Wednesday, May 14th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Robert W. Baird reduced their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, 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 research report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Stock Down 1.8%

Alibaba Group stock traded down $2.04 during mid-day trading on Friday, hitting $108.67. The company had a trading volume of 11,847,157 shares, compared to its average volume of 19,972,500. The stock has a market cap of $259.31 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a 1 year low of $72.95 and a 1 year high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $119.19 and a 200 day moving average of $113.62.

Alibaba Group Cuts Dividend

The business 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 of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is currently 13.83%.

About Alibaba Group

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.