Vanguard Capital Wealth Advisors Invests $291,000 in Alibaba Group Holding Limited (NYSE:BABA)

Vanguard Capital Wealth Advisors acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,200 shares of the specialty retailer’s stock, valued at approximately $291,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings 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. Union Bancaire Privee UBP SA bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $6,478,000. Spire Wealth Management raised its holdings in shares of Alibaba Group by 4.0% in the 4th quarter. Spire Wealth Management now owns 3,814 shares of the specialty retailer’s stock valued at $323,000 after purchasing an additional 148 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Alibaba Group by 7.1% in the 4th quarter. Bleakley Financial Group LLC now owns 11,846 shares of the specialty retailer’s stock valued at $1,004,000 after purchasing an additional 790 shares during the period. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Alibaba Group in the 4th quarter valued at about $265,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BABA shares. Mizuho dropped 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. Loop Capital set a $176.00 target price on shares of Alibaba Group in a report on Friday, May 16th. Benchmark dropped their target price on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, May 16th. Bank of America increased their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Sanford C. Bernstein raised shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $154.21.

Alibaba Group Stock Performance

Shares of NYSE:BABA opened at $119.48 on Friday. The company’s 50 day moving average price is $118.11 and its two-hundred day moving average price is $109.78. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The firm has a market cap of $285.05 billion, a PE ratio of 17.27, a PEG ratio of 0.61 and a beta of 0.24. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given 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 presently 13.83%.

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.