TrueWealth Advisors LLC Purchases Shares of 3,187 Alibaba Group Holding Limited (NYSE:BABA)

TrueWealth Advisors LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,187 shares of the specialty retailer's stock, valued at approximately $421,000.

Other institutional investors have also modified their holdings of the company. Berkshire Asset Management LLC PA acquired a new stake in Alibaba Group during the 4th quarter worth approximately $911,000. Bailard Inc. raised its stake 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 purchasing an additional 3,242 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings 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 purchasing an additional 18,230 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in shares of Alibaba Group by 18.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 268,768 shares of the specialty retailer's stock worth $22,789,000 after purchasing an additional 42,290 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Alibaba Group by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock valued at $390,885,000 after buying an additional 752,275 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird cut their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Mizuho dropped their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Citigroup lowered their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America raised their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Trading Up 0.4%

NYSE:BABA traded up $0.54 on Thursday, reaching $119.99. The stock had a trading volume of 15,323,946 shares, compared to its average volume of 19,994,634. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a market cap of $286.26 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 0.61 and a beta of 0.24. The firm's fifty day moving average is $118.62 and its two-hundred day moving average is $109.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 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. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's 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.