Checchi Capital Advisers LLC Takes $343,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

Checchi Capital Advisers LLC purchased a new position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,597 shares of the specialty retailer's stock, valued at approximately $343,000.

A number of other large investors have also modified their holdings of the business. Inlight Wealth Management LLC purchased a new position in Alibaba Group in the 1st quarter worth $31,000. Bruce G. Allen Investments LLC acquired a new position in shares of Alibaba Group in the first quarter valued at about $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Alibaba Group in the first quarter worth about $35,000. Valley National Advisers Inc. lifted its holdings in shares of Alibaba Group by 151.9% during the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares during the period. Finally, ORG Partners LLC boosted its position in Alibaba Group by 950.0% in the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after buying an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE:BABA traded down $2.04 during midday trading on Friday, reaching $108.67. 11,847,157 shares of the company's stock traded hands, compared to its average volume of 19,972,500. The company has a fifty day simple moving average of $119.19 and a two-hundred day simple moving average of $113.62. Alibaba Group Holding Limited has a 1 year low of $72.95 and a 1 year high of $148.43. The company has a market cap of $259.31 billion, a P/E ratio of 14.59, a PEG ratio of 0.47 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 13.83%.

Analyst Upgrades and Downgrades

Several analysts have commented on BABA shares. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Benchmark cut their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Mizuho decreased their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and an average target price of $154.13.

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.