Net Worth Advisory Group Has $384,000 Stake in Alibaba Group Holding Limited (NYSE:BABA)

Net Worth Advisory Group trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 44.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,903 shares of the specialty retailer's stock after selling 2,310 shares during the period. Net Worth Advisory Group's holdings in Alibaba Group were worth $384,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Sapient Capital LLC acquired a new position in Alibaba Group during the first quarter worth about $14,912,000. Simon Quick Advisors LLC grew its holdings in Alibaba Group by 116.5% during the first quarter. Simon Quick Advisors LLC now owns 5,684 shares of the specialty retailer's stock worth $752,000 after acquiring an additional 3,059 shares during the period. Noble Wealth Management PBC acquired a new position in Alibaba Group during the first quarter worth about $236,000. McKinley Carter Wealth Services Inc. acquired a new position in Alibaba Group during the first quarter worth about $235,000. Finally, Focus Financial Network Inc. grew its holdings in Alibaba Group by 3.0% during the first quarter. Focus Financial Network Inc. now owns 8,829 shares of the specialty retailer's stock worth $1,167,000 after acquiring an additional 254 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the topic of a number of research analyst reports. Benchmark lowered their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Saturday. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Stock Down 3.4%

Shares of BABA stock traded down $3.91 during trading on Friday, hitting $112.71. 13,309,167 shares of the company were exchanged, compared to its average volume of 19,998,473. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $268.93 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.61 and a beta of 0.22. The business's 50-day simple moving average is $118.35 and its 200 day simple moving average is $111.27. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43.

Alibaba Group Cuts Dividend

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

Alibaba Group Company 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.