Alibaba Group Holding Limited (NYSE:BABA) is RWWM Inc.'s Largest Position

RWWM Inc. trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,591,858 shares of the specialty retailer's stock after selling 235,081 shares during the period. Alibaba Group makes up 27.6% of RWWM Inc.'s investment portfolio, making the stock its largest holding. RWWM Inc. owned 0.11% of Alibaba Group worth $342,721,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC purchased a new stake in Alibaba Group during the first quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new stake in Alibaba Group during the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL increased its holdings in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after buying an additional 200 shares during the last quarter. Redwood Park Advisors LLC purchased a new stake in Alibaba Group during the fourth quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC purchased a new stake in Alibaba Group during the fourth quarter valued at approximately $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Mizuho reduced their price objective 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. Robert W. Baird reduced their price objective on shares of 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 Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Bank of America increased their price objective 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. Fifteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $154.21.

Alibaba Group Price Performance

BABA traded down $3.91 during trading on Friday, hitting $112.71. 13,309,167 shares of the company traded hands, compared to its average volume of 19,998,473. The company has a market cap of $268.93 billion, a PE ratio of 16.29, a P/E/G ratio of 0.61 and a beta of 0.22. The stock's 50-day simple moving average is $118.35 and its two-hundred day simple moving average is $111.10. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is 13.83%.

Alibaba Group 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.