Insigneo Advisory Services LLC Boosts Position in Alibaba Group Holding Limited (NYSE:BABA)

Insigneo Advisory Services LLC increased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 27.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,418 shares of the specialty retailer's stock after acquiring an additional 5,097 shares during the quarter. Insigneo Advisory Services LLC's holdings in Alibaba Group were worth $3,097,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Wagner Wealth Management LLC purchased a new stake in shares of Alibaba Group in the 1st quarter valued at about $222,000. Kercheville Advisors LLC bought a new position in shares of Alibaba Group in the first quarter worth approximately $4,082,000. Inscription Capital LLC purchased a new stake in Alibaba Group in the first quarter valued at approximately $425,000. QRG Capital Management Inc. lifted its position in Alibaba Group by 1.2% during the first quarter. QRG Capital Management Inc. now owns 42,342 shares of the specialty retailer's stock valued at $5,599,000 after purchasing an additional 499 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its stake in Alibaba Group by 78.4% in the 1st quarter. Sagespring Wealth Partners LLC now owns 7,057 shares of the specialty retailer's stock worth $933,000 after buying an additional 3,102 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Down 1.4%

NYSE:BABA traded down $1.65 during midday trading on Wednesday, reaching $113.38. 13,953,384 shares of the stock traded hands, compared to its average volume of 19,969,189. The stock has a market capitalization of $270.44 billion, a P/E ratio of 15.22, 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 1.48 and a current ratio of 1.55. The company has a fifty day moving average of $118.89 and a 200 day moving average of $111.50. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43.

Alibaba Group Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on BABA. Barclays lifted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Arete Research raised Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alibaba Group presently has an average rating of "Buy" and an average price target of $154.21.

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.