Focus Financial Network Inc. Purchases 254 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Focus Financial Network Inc. lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,829 shares of the specialty retailer’s stock after acquiring an additional 254 shares during the period. Focus Financial Network Inc.’s holdings in Alibaba Group were worth $1,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew 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 period. Union Bancaire Privee UBP SA bought a new stake in Alibaba Group in the 4th quarter worth approximately $6,478,000. Empowered Funds LLC bought a new stake in Alibaba Group in the 4th quarter worth approximately $215,000. Stephens Inc. AR grew its position in Alibaba Group by 12.5% in the 4th quarter. Stephens Inc. AR now owns 7,248 shares of the specialty retailer’s stock worth $615,000 after purchasing an additional 805 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in Alibaba Group by 38.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 19,597 shares of the specialty retailer’s stock worth $1,662,000 after purchasing an additional 5,411 shares during the period. Institutional investors own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Arete Research raised shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Barclays lifted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Benchmark cut their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, May 16th. Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America boosted their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One 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’s stock. According to data from MarketBeat, Alibaba Group currently has an average rating of “Buy” and an average price target of $154.21.

Alibaba Group Trading Down 3.1%

Shares of Alibaba Group stock opened at $116.59 on Friday. The company has a market capitalization of $278.18 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.61 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a fifty day moving average of $118.08 and a 200 day moving average of $110.74. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43.

Alibaba Group Cuts Dividend

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