2,500 Shares in Alibaba Group Holding Limited (NYSE:BABA) Acquired by Powell Investment Advisors LLC

Powell Investment Advisors LLC purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 1st quarter, HoldingsChannel reports. The fund purchased 2,500 shares of the specialty retailer’s stock, valued at approximately $331,000.

A number of other large investors have also recently bought and sold shares of the stock. WCM Investment Management LLC bought a new stake in Alibaba Group during the 1st quarter worth approximately $4,074,000. KMG Fiduciary Partners LLC acquired a new position in Alibaba Group in the first quarter worth $1,948,000. Avaii Wealth Management LLC acquired a new position in Alibaba Group in the first quarter worth $563,000. Fiduciary Alliance LLC grew 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 last quarter. Finally, Summa Corp. increased its stake in shares of Alibaba Group by 28.7% in the first quarter. Summa Corp. now owns 71,673 shares of the specialty retailer’s stock valued at $9,477,000 after buying an additional 16,000 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BABA shares. Arete lowered shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 price objective on the stock. in a report on Tuesday, June 24th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Bank of America reduced their price objective on Alibaba Group from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Finally, Citigroup lowered their target price on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average target price of $153.29.

Alibaba Group Stock Down 3.0%

NYSE:BABA opened at $117.06 on Friday. The stock’s fifty day simple moving average is $115.61 and its 200-day simple moving average is $118.20. The firm has a market capitalization of $279.23 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.72 and a beta of 0.17. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month high of $148.43.

Alibaba Group Cuts Dividend

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

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.