Alibaba Group Holding Limited (NYSE:BABA) Shares Purchased by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC significantly increased its holdings in Alibaba Group by 111.8% during the first quarter, now owning a total of 8,119 shares valued at approximately $1,074,000.
• Analysts have varying projections for Alibaba's stock, with a consensus target price set at $153.29 and ratings ranging from "hold" to "buy" from different brokerages.
• Alibaba Group recently paid a dividend of $0.95 per share, reflecting a yield of 0.8% and a payout ratio of 12.75%.

HB Wealth Management LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 111.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,119 shares of the specialty retailer's stock after buying an additional 4,286 shares during the quarter. HB Wealth Management LLC's holdings in Alibaba Group were worth $1,074,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its stake 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 buying an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new position in shares of Alibaba Group in the 1st quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new stake in Alibaba Group in the 1st quarter worth approximately $31,000. Valley National Advisers Inc. boosted its stake in Alibaba Group by 151.9% in the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group during the 1st quarter worth approximately $35,000. Institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

BABA has been the subject of several research reports. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 14th. Citigroup lowered 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. Robert W. Baird cut their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Finally, Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a report on Tuesday, June 24th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $153.29.

Alibaba Group Price Performance

NYSE BABA traded down $2.10 during trading hours on Wednesday, reaching $117.26. The company's stock had a trading volume of 12,736,009 shares, compared to its average volume of 14,641,083. The firm has a market capitalization of $279.71 billion, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.76 and a beta of 0.21. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43. The company's 50-day moving average is $115.70 and its two-hundred day moving average is $117.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's payout ratio is 12.75%.

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.