Fiduciary Alliance LLC Boosts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Fiduciary Alliance LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 18.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,943 shares of the specialty retailer's stock after acquiring an additional 18,230 shares during the quarter. Alibaba Group accounts for about 1.5% of Fiduciary Alliance LLC's holdings, making the stock its 11th biggest position. Fiduciary Alliance LLC's holdings in Alibaba Group were worth $15,596,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Marcum Wealth LLC increased its position in Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after purchasing an additional 86 shares in the last quarter. Rings Capital Management LLC increased its position in Alibaba Group by 1.4% during the 4th 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 increased its position in Alibaba Group by 3.7% during the 4th 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. Global Endowment Management LP increased its position in Alibaba Group by 1.4% during the 4th 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. Finally, Pinnacle Wealth Planning Services Inc. increased its position in Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock worth $266,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BABA. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research report on Wednesday, May 14th. Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Bank of America raised their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $154.21.

Alibaba Group Trading Up 0.2%

BABA stock traded up $0.26 during midday trading on Tuesday, reaching $115.01. 13,963,483 shares of the company's stock traded hands, compared to its average volume of 19,960,938. The company has a market capitalization of $274.38 billion, a P/E ratio of 16.62, a PEG ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The business has a 50-day moving average price of $119.29 and a two-hundred day moving average price of $109.24.

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 given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 13.83%.

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.