Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,165 shares of the specialty retailer's stock after acquiring an additional 2,476 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Alibaba Group were worth $12,716,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BABA. Bruce G. Allen Investments LLC acquired a new position in Alibaba Group in the 1st quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new position in Alibaba Group in the 1st quarter valued at about $31,000. Valley National Advisers Inc. boosted its holdings in Alibaba Group by 151.9% in the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in Alibaba Group in the 1st quarter valued at about $35,000. Finally, ORG Partners LLC boosted its holdings in Alibaba Group by 950.0% in 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 during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 3.9%

Shares of NYSE:BABA traded down $4.23 during trading hours on Wednesday, reaching $103.76. The stock had a trading volume of 14,371,788 shares, compared to its average volume of 19,963,922. Alibaba Group Holding Limited has a 1 year low of $73.87 and a 1 year high of $148.43. The firm's 50 day moving average is $118.73 and its 200-day moving average is $114.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $247.59 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 0.46 and a beta of 0.22.

Alibaba Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

BABA has been the topic of several recent analyst reports. Benchmark decreased 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. 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 note on Friday, May 16th. Mizuho reduced 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. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research note on Wednesday, May 14th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $154.13.

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.