Farther Finance Advisors LLC Has $549,000 Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Farther Finance Advisors LLC lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,134 shares of the specialty retailer’s stock after selling 279 shares during the quarter. Farther Finance Advisors LLC’s holdings in Alibaba Group were worth $549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position 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 during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Alibaba Group in the 4th quarter valued at $6,478,000. Empowered Funds LLC bought a new stake in shares of Alibaba Group during the fourth quarter worth $215,000. Savant Capital LLC lifted its stake in shares of Alibaba Group by 19.4% during the fourth quarter. Savant Capital LLC now owns 7,617 shares of the specialty retailer’s stock valued at $646,000 after acquiring an additional 1,236 shares during the period. Finally, Roman Butler Fullerton & Co. bought a new position in Alibaba Group in the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Trading Down 3.4%

NYSE:BABA opened at $112.71 on Monday. 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 debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $268.93 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.61 and a beta of 0.22. The business’s 50-day simple moving average is $118.35 and its 200-day simple moving average is $111.27.

Alibaba Group Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group’s dividend payout ratio (DPR) is presently 13.83%.

Analyst Ratings Changes

Several research firms recently issued reports on BABA. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Bank of America raised their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Citigroup decreased their price target on Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of “Buy” and an average price target of $154.21.

Alibaba Group 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.