Cetera Investment Advisers Has $19.85 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Cetera Investment Advisers grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,096 shares of the specialty retailer's stock after purchasing an additional 36,926 shares during the period. Cetera Investment Advisers' holdings in Alibaba Group were worth $19,847,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BABA. Hazlett Burt & Watson Inc. grew its holdings in Alibaba Group by 1,960.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the period. Inlight Wealth Management LLC purchased a new position in Alibaba Group during the first quarter worth approximately $31,000. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group during the first quarter worth about $31,000. LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group during the first quarter worth $35,000. Finally, Valley National Advisers Inc. lifted its position in 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 during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

BABA has been the subject of a number of recent research reports. Robert W. Baird decreased their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Bank of America dropped their price target on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Citigroup dropped their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays decreased their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Finally, Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $153.29.

Alibaba Group Stock Performance

Shares of BABA traded down $3.51 during mid-day trading on Friday, hitting $117.12. 7,989,045 shares of the company's stock were exchanged, compared to its average volume of 22,040,361. The company has a quick ratio of 1.55, a current 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. The stock's 50-day simple moving average is $115.68 and its 200-day simple moving average is $117.71. The firm has a market cap of $279.38 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.73 and a beta of 0.21.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.95 per share. This represents a dividend yield of 80.0%. The ex-dividend date was Thursday, June 12th. Alibaba Group's payout ratio 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.