Stratos Wealth Partners LTD. Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Stratos Wealth Partners LTD. reduced its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 43.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,146 shares of the specialty retailer's stock after selling 4,665 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Alibaba Group were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new position in Alibaba Group during the first quarter valued at approximately $31,000. Inlight Wealth Management LLC bought a new position in Alibaba Group during the first quarter valued at approximately $31,000. Valley National Advisers Inc. grew its position in Alibaba Group by 151.9% during the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 161 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in Alibaba Group during the first quarter valued at approximately $35,000. Finally, ORG Partners LLC grew its position in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 285 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Up 0.1%

Alibaba Group stock traded up $0.08 on Friday, hitting $106.72. 10,755,903 shares of the stock traded hands, compared to its average volume of 20,017,973. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market cap of $254.66 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.46 and a beta of 0.21. The business's fifty day simple moving average is $117.76 and its 200 day simple moving average is $114.58. Alibaba Group Holding Limited has a 1 year low of $73.87 and a 1 year high of $148.43.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were given a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's dividend payout ratio is presently 12.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BABA. 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. Benchmark cut their target price on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Bank of America cut their target price on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday. Finally, Citigroup cut their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and a consensus price target of $153.13.

About Alibaba Group

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.