Alibaba Group Holding Limited (NYSE:BABA) is AMF Tjanstepension AB's 10th Largest Position

AMF Tjanstepension AB lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,475,115 shares of the specialty retailer's stock after selling 102,349 shares during the period. Alibaba Group accounts for approximately 2.4% of AMF Tjanstepension AB's investment portfolio, making the stock its 10th biggest position. AMF Tjanstepension AB owned about 0.10% of Alibaba Group worth $327,284,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BABA. North Ridge Wealth Advisors Inc. acquired a new stake in Alibaba Group during the first quarter worth about $26,000. Hazlett Burt & Watson Inc. increased its position in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new stake in Alibaba Group during the first quarter worth about $31,000. Inlight Wealth Management LLC acquired a new stake in Alibaba Group during the first quarter worth about $31,000. Finally, Valley National Advisers Inc. increased its position in Alibaba Group by 151.9% during the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 0.0%

NYSE BABA opened at $120.88 on Friday. The firm has a 50 day simple moving average of $115.65 and a 200-day simple moving average of $118.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. Alibaba Group Holding Limited has a one year low of $77.74 and a one year high of $148.43. The firm has a market cap of $288.35 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.78 and a beta of 0.17.

Alibaba Group Cuts Dividend

The firm also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 80.0%. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Bank of America cut their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Barclays lowered their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a research note on Tuesday, July 15th. Mizuho lowered their target price on shares of Alibaba Group from $170.00 to $160.00 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 target price for the company. in a research note on Tuesday, June 24th. Finally, Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $153.29.

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.

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.