PDS Planning Inc Grows Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

PDS Planning Inc increased its holdings in Alibaba Group Holding Limited (NYSE:BABA) by 15.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,326 shares of the specialty retailer’s stock after buying an additional 824 shares during the quarter. PDS Planning Inc’s holdings in Alibaba Group were worth $836,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Inlight Wealth Management LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at $31,000. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group during the first quarter valued at $31,000. ORG Partners LLC grew its holdings in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 285 shares during the period. FSC Wealth Advisors LLC purchased a new stake in Alibaba Group in the first quarter worth about $61,000. Finally, IAG Wealth Partners LLC raised its stake in shares of Alibaba Group by 67.2% in the first quarter. IAG Wealth Partners LLC now owns 515 shares of the specialty retailer’s stock worth $68,000 after buying an additional 207 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Down 2.1%

Alibaba Group stock opened at $114.50 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55. The firm has a 50 day moving average price of $119.56 and a 200 day moving average price of $112.50. 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 market capitalization of $273.06 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.49 and a beta of 0.22.

Alibaba Group Cuts Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Robert W. Baird cut their price objective on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Arete lowered shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 price target for the company. in a research report on Tuesday. Benchmark decreased their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th. Finally, Arete Research downgraded shares of Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $154.13.

About Alibaba Group

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.