North of South Capital LLP trimmed its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,828,864 shares of the specialty retailer's stock after selling 146,896 shares during the period. Alibaba Group accounts for approximately 27.0% of North of South Capital LLP's investment portfolio, making the stock its biggest holding. North of South Capital LLP owned about 0.08% of Alibaba Group worth $241,831,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 981 shares during the last quarter. Rhumbline Advisers boosted its holdings in Alibaba Group by 0.7% in the fourth quarter. Rhumbline Advisers now owns 22,246 shares of the specialty retailer's stock valued at $1,886,000 after purchasing an additional 154 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Alibaba Group by 96.0% in the fourth quarter. Bank of New York Mellon Corp now owns 172,748 shares of the specialty retailer's stock valued at $14,647,000 after purchasing an additional 84,604 shares during the last quarter. US Bancorp DE grew its position in Alibaba Group by 47.2% during the 4th quarter. US Bancorp DE now owns 46,018 shares of the specialty retailer's stock worth $3,902,000 after purchasing an additional 14,752 shares during the period. Finally, Bailard Inc. raised its stake 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 during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.
Alibaba Group Stock Down 2.0%
Shares of BABA traded down $2.16 during midday trading on Thursday, hitting $108.55. The company had a trading volume of 11,163,555 shares, compared to its average volume of 23,144,176. Alibaba Group Holding Limited has a 1 year low of $72.95 and a 1 year high of $148.43. The firm has a market capitalization of $259.03 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.49 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The company's 50-day simple moving average is $119.63 and its 200-day simple moving average is $113.32.
Alibaba Group Cuts Dividend
The company also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio is currently 13.83%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Robert W. Baird dropped their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Mizuho cut their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a report on Tuesday, June 24th. Finally, 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 report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and an average price target of $154.13.
Check Out Our Latest Research Report on BABA
Alibaba Group Profile
(
Free Report)
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.
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