HighPoint Advisor Group LLC Has $3.64 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

HighPoint Advisor Group LLC reduced its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 28.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,556 shares of the specialty retailer's stock after selling 11,027 shares during the period. HighPoint Advisor Group LLC's holdings in Alibaba Group were worth $3,644,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted 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 period. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group during the 1st quarter worth about $31,000. Bruce G. Allen Investments LLC bought a new position in shares of Alibaba Group in the first quarter valued at about $31,000. LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group during the 1st quarter worth approximately $35,000. Finally, Valley National Advisers Inc. raised its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of BABA traded down $0.13 during trading hours on Monday, hitting $120.11. 17,884,063 shares of the company were exchanged, compared to its average volume of 20,207,501. Alibaba Group Holding Limited has a one year low of $73.87 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $286.58 billion, a PE ratio of 16.12, a PEG ratio of 1.77 and a beta of 0.22. The firm has a fifty day simple moving average of $116.76 and a 200-day simple moving average of $115.86.

Alibaba Group Cuts Dividend

The firm also recently announced a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BABA shares. Mizuho dropped their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Bank of America cut their target price on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Robert W. Baird lowered their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Finally, Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $150.80.

About Alibaba Group

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.