Fiduciary Alliance LLC Increases Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Fiduciary Alliance LLC grew its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 18.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 117,943 shares of the specialty retailer’s stock after acquiring an additional 18,230 shares during the period. Alibaba Group accounts for approximately 1.5% of Fiduciary Alliance LLC’s investment portfolio, making the stock its 11th biggest holding. Fiduciary Alliance LLC’s holdings in Alibaba Group were worth $15,596,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 981 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Alibaba Group during the fourth quarter worth about $235,000. Union Bancaire Privee UBP SA purchased a new stake in Alibaba Group in the fourth quarter worth about $6,478,000. KBC Group NV purchased a new position in shares of Alibaba Group during the fourth quarter valued at approximately $2,120,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Alibaba Group in the 4th quarter worth approximately $225,000. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BABA shares. Loop Capital set a $176.00 target price on Alibaba Group in a research note on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Bank of America raised their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $154.21.

Alibaba Group Stock Down 2.8%

Shares of Alibaba Group stock opened at $113.89 on Monday. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $119.64 and its 200 day moving average is $109.05. The company has a market cap of $271.72 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

Alibaba Group Cuts Dividend

The company also recently declared a — dividend, which will be paid on Thursday, July 10th. Stockholders 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 dividend yield of 0.8%. Alibaba Group’s payout ratio is 13.83%.

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.