Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 55.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,798 shares of the specialty retailer's stock after selling 44,252 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Alibaba Group were worth $4,541,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BABA. Marcum Wealth LLC grew its position in shares of Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after purchasing an additional 86 shares in the last quarter. Rings Capital Management LLC lifted its holdings in shares of Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after purchasing an additional 100 shares during the period. Lindbrook Capital LLC raised its stake in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after buying an additional 101 shares during the last quarter. Global Endowment Management LP increased its stake in Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after purchasing an additional 106 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its stake in Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock valued at $266,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of BABA traded down $3.74 on Thursday, reaching $116.59. The company's stock had a trading volume of 10,042,032 shares, compared to its average volume of 19,994,294. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The stock has a market capitalization of $278.18 billion, a P/E ratio of 16.85, a PEG ratio of 0.61 and a beta of 0.22. The stock's 50 day simple moving average is $117.87 and its two-hundred day simple moving average is $110.53.

Alibaba Group Cuts Dividend

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

Analyst Upgrades and Downgrades

BABA has been the subject of several recent research reports. Barclays boosted their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Loop Capital set a $176.00 price target on shares of Alibaba Group in a report on Friday, May 16th. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $154.21.

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.