Traphagen Investment Advisors LLC Raises Position in Alibaba Group Holding Limited (NYSE:BABA)

Traphagen Investment Advisors LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 3.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,959 shares of the specialty retailer’s stock after buying an additional 110 shares during the period. Traphagen Investment Advisors LLC’s holdings in Alibaba Group were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BABA. Berkshire Asset Management LLC PA bought a new stake in shares of Alibaba Group during the 4th quarter valued at $911,000. KMG Fiduciary Partners LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at $1,948,000. Bailard Inc. boosted its holdings in shares of Alibaba Group by 46.3% during the 4th quarter. Bailard Inc. now owns 10,245 shares of the specialty retailer’s stock valued at $869,000 after buying an additional 3,242 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of Alibaba Group by 18.3% during the 1st quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer’s stock valued at $15,596,000 after buying an additional 18,230 shares in the last quarter. Finally, Avaii Wealth Management LLC bought a new position in Alibaba Group in the 1st quarter worth about $563,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

BABA opened at $112.71 on Monday. 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 stock has a market capitalization of $268.93 billion, a P/E ratio of 16.29, a P/E/G ratio of 0.61 and a beta of 0.22. The company’s 50-day simple moving average is $118.35 and its two-hundred day simple moving average is $111.27. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43.

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 paid a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s dividend payout ratio (DPR) is presently 13.83%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BABA. Bank of America upped their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research note on Wednesday, May 14th. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Wall Street Zen upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Saturday. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $154.21.

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.