1,549 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Tranquilli Financial Advisor LLC

Tranquilli Financial Advisor LLC bought a new position in Alibaba Group Holding Limited (NYSE:BABA) in the first quarter, according to its most recent filing with the SEC. The firm bought 1,549 shares of the specialty retailer’s stock, valued at approximately $205,000.

A number of other institutional investors also recently bought and sold shares of BABA. Brighton Jones LLC boosted its stake in Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after purchasing an additional 981 shares in the last quarter. CenterBook Partners LP acquired a new stake in Alibaba Group in the 4th quarter worth approximately $361,000. Jaffetilchin Investment Partners LLC boosted its stake in Alibaba Group by 6.5% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 2,795 shares of the specialty retailer’s stock worth $237,000 after purchasing an additional 171 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Alibaba Group by 6.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 149,957 shares of the specialty retailer’s stock worth $12,715,000 after purchasing an additional 8,601 shares in the last quarter. Finally, Townsquare Capital LLC boosted its stake in Alibaba Group by 0.4% in the 4th quarter. Townsquare Capital LLC now owns 70,000 shares of the specialty retailer’s stock worth $5,935,000 after purchasing an additional 266 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Alibaba Group stock opened at $120.34 on Monday. The company has a fifty day simple moving average of $115.78 and a 200-day simple moving average of $119.63. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $286.99 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.77 and a beta of 0.17. Alibaba Group Holding Limited has a 52-week low of $77.74 and a 52-week high of $148.43.

Alibaba Group Cuts Dividend

The firm also recently announced a — dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were paid a $0.95 dividend. This represents a yield of 80.0%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group’s dividend payout ratio (DPR) is 12.75%.

Wall Street Analyst Weigh In

A number of analysts recently commented on BABA shares. Mizuho lowered their target price on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Robert W. Baird reduced their price target 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. Benchmark reissued a “buy” rating on shares of Alibaba Group in a research report on Monday, July 21st. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $153.29.

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.