Lazari Capital Management Inc. Lowers Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Lazari Capital Management Inc. lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 14.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,559 shares of the specialty retailer’s stock after selling 1,491 shares during the period. Lazari Capital Management Inc.’s holdings in Alibaba Group were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BABA. Berkshire Asset Management LLC PA bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $911,000. KMG Fiduciary Partners LLC purchased a new stake in shares of Alibaba Group during the 1st quarter valued at about $1,948,000. Bailard Inc. lifted its holdings in shares of Alibaba Group by 46.3% in the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after acquiring an additional 3,242 shares during the last quarter. Avaii Wealth Management LLC purchased a new position in Alibaba Group in the first quarter worth about $563,000. Finally, Fiduciary Alliance LLC increased its stake in 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 acquiring an additional 18,230 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Alibaba Group Trading Up 0.0%

Shares of NYSE BABA opened at $113.04 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55. The business’s 50 day moving average price is $119.32 and its 200-day moving average price is $112.46. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The company has a market cap of $269.58 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.46 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. Stockholders of record on Thursday, June 12th will be issued a $0.95 dividend. 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%.

Wall Street Analysts Forecast Growth

BABA has been the subject of several analyst reports. Wall Street Zen raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Mizuho cut their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Finally, Benchmark reduced their target price on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, May 16th. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $154.21.

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.