RFG Advisory LLC Invests $643,000 in Alibaba Group Holding Limited (NYSE:BABA)

RFG Advisory LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,865 shares of the specialty retailer’s stock, valued at approximately $643,000.

Several other hedge funds also recently modified their holdings of BABA. Sierra Ocean LLC bought a new position in Alibaba Group in the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL boosted its stake in Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new position in Alibaba Group in the fourth quarter valued at approximately $52,000. Vision Financial Markets LLC bought a new position in Alibaba Group in the fourth quarter valued at approximately $55,000. Finally, Brown Shipley& Co Ltd boosted its stake in Alibaba Group by 279.1% in the fourth quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Stock Down 0.4%

Shares of BABA stock opened at $119.48 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The firm’s fifty day moving average price is $118.11 and its two-hundred day moving average price is $109.78. The firm has a market capitalization of $285.05 billion, a P/E ratio of 17.27, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group’s payout ratio is currently 13.83%.

Wall Street Analyst Weigh In

BABA has been the topic of a number of recent research reports. Citigroup reduced their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird reduced their price objective 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. Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Mizuho cut their target price on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Finally, Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. 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.