OneDigital Investment Advisors LLC Has $2.67 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

OneDigital Investment Advisors LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,218 shares of the specialty retailer's stock after selling 2,389 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Alibaba Group were worth $2,673,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Calamos Wealth Management LLC lifted its position in shares of Alibaba Group by 39.6% during the 1st quarter. Calamos Wealth Management LLC now owns 25,608 shares of the specialty retailer's stock worth $3,386,000 after buying an additional 7,266 shares during the period. Calamos Advisors LLC lifted its position in shares of Alibaba Group by 42.5% during the 1st quarter. Calamos Advisors LLC now owns 66,465 shares of the specialty retailer's stock worth $8,789,000 after buying an additional 19,828 shares during the period. Caerus Investment Advisors LLC bought a new position in shares of Alibaba Group during the 1st quarter worth approximately $241,000. Palisade Capital Management LP lifted its position in shares of Alibaba Group by 7.3% during the 1st quarter. Palisade Capital Management LP now owns 4,577 shares of the specialty retailer's stock worth $605,000 after buying an additional 312 shares during the period. Finally, Checchi Capital Advisers LLC bought a new position in shares of Alibaba Group during the 1st quarter worth approximately $343,000. Institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BABA shares. Loop Capital set a $176.00 target price on Alibaba Group in a research report on Friday, May 16th. Robert W. Baird cut their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price for the company. in a research report on Tuesday, June 24th. Finally, Benchmark dropped their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Trading Down 1.8%

Shares of NYSE BABA traded down $2.04 during midday trading on Friday, hitting $108.67. The stock had a trading volume of 11,847,157 shares, compared to its average volume of 19,992,757. The company's 50-day simple moving average is $119.19 and its 200 day simple moving average is $113.82. The firm has a market cap of $259.31 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a fifty-two week low of $72.95 and a fifty-two week 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.

Alibaba Group Cuts Dividend

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