Janney Montgomery Scott LLC Acquires 6,795 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Janney Montgomery Scott LLC raised its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 15.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,233 shares of the specialty retailer's stock after buying an additional 6,795 shares during the quarter. Janney Montgomery Scott LLC's holdings in Alibaba Group were worth $6,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marcum Wealth LLC boosted its stake in shares of Alibaba Group by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after purchasing an additional 86 shares in the last quarter. Rings Capital Management LLC boosted its stake in shares of Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after purchasing an additional 100 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Alibaba Group by 3.7% in the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after purchasing an additional 101 shares in the last quarter. Global Endowment Management LP boosted its stake in shares of Alibaba Group by 1.4% in the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after purchasing an additional 106 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Alibaba Group by 3.6% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research note on Wednesday, May 14th. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. Finally, Robert W. Baird reduced their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Alibaba Group has a consensus rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Stock Down 0.5%

Shares of NYSE BABA opened at $112.91 on Friday. The company has a market cap of $269.30 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 0.46 and a beta of 0.22. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm's 50-day simple moving average is $119.34 and its 200 day simple moving average is $112.08.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be issued 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 is currently 13.83%.

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.

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