Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 372.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,079 shares of the specialty retailer's stock after purchasing an additional 10,311 shares during the period. Kingswood Wealth Advisors LLC's holdings in Alibaba Group were worth $1,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Berkshire Asset Management LLC PA purchased a new stake in Alibaba Group during the fourth quarter worth about $911,000. KMG Fiduciary Partners LLC acquired a new position in shares of Alibaba Group during the first quarter worth about $1,948,000. Bailard Inc. grew its position in shares of Alibaba Group by 46.3% during the fourth quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer's stock worth $869,000 after buying an additional 3,242 shares in the last quarter. Fiduciary Alliance LLC grew its position in shares of Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after buying an additional 18,230 shares in the last quarter. Finally, Avaii Wealth Management LLC acquired a new position in shares of Alibaba Group during the first quarter worth about $563,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BABA shares. JPMorgan Chase & Co. boosted their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup lowered their price objective 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. Arete Research raised Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Wall Street Zen raised Alibaba Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Mizuho lowered their price objective 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. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $154.21.

Alibaba Group Stock Performance

Shares of BABA stock traded down $0.58 during trading hours on Friday, hitting $112.91. The stock had a trading volume of 12,684,022 shares, compared to its average volume of 19,986,504. The firm has a market capitalization of $269.30 billion, a PE ratio of 15.16, a PEG ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The stock's 50 day moving average is $119.24 and its 200 day moving average is $111.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48.

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 issued a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's 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.