Sequoia Financial Advisors LLC Has $2.04 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Sequoia Financial Advisors LLC grew its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 17.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,427 shares of the specialty retailer's stock after buying an additional 2,284 shares during the period. Sequoia Financial Advisors LLC's holdings in Alibaba Group were worth $2,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BABA. Bruce G. Allen Investments LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at about $31,000. Inlight Wealth Management LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at about $31,000. ORG Partners LLC boosted its position in shares of Alibaba Group by 950.0% during the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after purchasing an additional 285 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its position in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of several recent research reports. Robert W. Baird cut their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Mizuho cut their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a report on Tuesday, June 24th. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday. Finally, Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Stock Up 0.2%

BABA stock opened at $114.11 on Friday. Alibaba Group Holding Limited has a twelve month low of $71.97 and a twelve 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 stock's 50 day moving average is $119.76 and its 200-day moving average is $112.99. The firm has a market capitalization of $272.13 billion, a PE ratio of 15.32, a P/E/G ratio of 0.48 and a beta of 0.22.

Alibaba Group Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors 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 (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.

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