<div id="readability-page-1"><p>Independent Advisor Alliance raised its stake in  Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 53.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,043 shares of the specialty retailer's stock after buying an additional 4,521 shares during the period. Independent Advisor Alliance's holdings in Alibaba Group were worth $1,725,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Alibaba Group</strong> alerts:</span></p></div><ul><li>2 Chinese Stocks That Could Leave U.S. Tech in the Dust</li></ul><p>Several other institutional investors and hedge funds also recently made changes to their positions in the business. North Ridge Wealth Advisors Inc. purchased a new stake in  Alibaba Group during the 1st quarter valued at $26,000.  Hazlett Burt &amp; Watson Inc. boosted its position in  Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt &amp; Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after buying an additional 196 shares during the period.  Bruce G. Allen Investments LLC purchased a new stake in  Alibaba Group during the 1st quarter valued at $31,000.  Inlight Wealth Management LLC purchased a new stake in  Alibaba Group during the 1st quarter valued at $31,000.  Finally, Valley National Advisers Inc. boosted its position in  Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after buying an additional 161 shares during the period. Institutional investors own  13.47% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>BABA has been the subject of several analyst reports. Robert W. Baird dropped their price target on shares of Alibaba Group from $147.00 to $142.00 and set an &#34;outperform&#34; rating for the company in a research report on Friday, May 16th. Morgan Stanley  set a $180.00 price target on shares of Alibaba Group in a research report on Wednesday, May 14th. Loop Capital  set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. Benchmark  reaffirmed a &#34;buy&#34; rating on shares of Alibaba Group in a research report on Monday, July 21st. Finally, Wall Street Zen cut shares of Alibaba Group from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Friday, June 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $153.29.</p><ul><li>Alibaba Expands Data Centers Across Asia: A New Growth Catalyst?</li></ul><p><b>Get Our Latest Stock Report on BABA</b></p><h2>Alibaba Group Stock Up 3.3%</h2><p>Shares of Alibaba Group stock opened at $122.55 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The company has a 50-day moving average of $116.00 and a 200 day moving average of $119.86. The firm has a market cap of $292.26 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.75 and a beta of 0.17. Alibaba Group Holding Limited has a 1 year low of $77.74 and a 1 year high of $148.43. </p><h2>Alibaba Group Cuts Dividend</h2><ul><li>Alibaba Call Options Surge, New Hopes of a Trade Deal?</li></ul><p>The firm also recently declared a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were paid a $0.95 dividend. This represents a dividend yield of 80.0%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%. </p><h2>Alibaba Group Company Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Alibaba Group</li><li>How to Buy Gold Stock and Invest in Gold</li><li>NFL and WWE Land on ESPN—The Impact on Disney and TKO Stocks</li><li>Quiet Period Expirations Explained</li><li>If Qualcomm Holds $145, Its Next Move Could Be Massive</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>Intel's White House Reset: From Political Storm to a Clearer Sky</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQkE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Alibaba Group Right Now?</h2><p>Before you consider Alibaba Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.</p><p>While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Independent Advisor Alliance increased its stake in Alibaba Group Holding Limited (NYSE:BABA) by 53.1% in Q1, acquiring an additional 4,521 shares, bringing its total to 13,043 shares valued at $1.725 million. Other institutional investors also adjusted their positions. Analyst ratings for Alibaba show a consensus of "Moderate Buy" with an average price target of $153.29. The stock opened at $122.55, reflecting a 3.3% increase. Alibaba recently declared a dividend of $0.95, yielding 80.0%.</p>

- Independent Advisor Alliance increased its stake in Alibaba Group by 53.1%, owning 13,043 shares valued at $1,725,000 at the end of the first quarter.  
- Several institutional investors also adjusted their positions, with notable increases from Hazlett Burt & Watson Inc. and Valley National Advisers Inc.  
- Alibaba's stock has a consensus rating of "Moderate Buy" with an average price target of $153.29, despite mixed analyst ratings and a recent dividend declaration.

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Independent Advisor Alliance Buys 4,521 Shares of Alibaba Group Holding Limited (NYSE:BABA)