Alibaba Group Holding Limited (NYSE:BABA) Shares Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 194.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,161 shares of the specialty retailer's stock after buying an additional 11,988 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Alibaba Group were worth $2,401,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BABA. Bruce G. Allen Investments LLC acquired a new position in shares of Alibaba Group in the first quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group in the first quarter valued at approximately $31,000. ORG Partners LLC increased its holdings in shares of 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 purchasing an additional 285 shares during the period. Strategic Investment Solutions Inc. IL increased its holdings in shares of Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares during the period. Finally, Redwood Park Advisors LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

BABA traded down $2.51 during trading on Wednesday, reaching $114.50. 12,322,305 shares of the stock were exchanged, compared to its average volume of 19,961,284. The business's 50 day moving average price is $119.56 and its two-hundred day moving average price is $112.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48. The company has a market capitalization of $273.06 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 0.49 and a beta of 0.22. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43.

Alibaba Group Cuts Dividend

The company also recently announced 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 payout ratio is 13.83%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Citigroup dropped their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Mizuho dropped their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.