ANTIPODES PARTNERS Ltd Sells 186,191 Shares of Alibaba Group Holding Limited (NYSE:BABA)

ANTIPODES PARTNERS Ltd trimmed its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 81.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 43,622 shares of the specialty retailer's stock after selling 186,191 shares during the period. ANTIPODES PARTNERS Ltd's holdings in Alibaba Group were worth $5,769,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. raised its holdings in shares of Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the last quarter. Bruce G. Allen Investments LLC bought a new stake in Alibaba Group in the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC purchased a new stake in Alibaba Group during the 1st quarter valued at $31,000. Valley National Advisers Inc. lifted its holdings in shares of 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. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Alibaba Group in the 1st quarter worth $35,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Price Performance

NYSE BABA traded down $1.46 on Thursday, reaching $121.12. The company had a trading volume of 11,349,920 shares, compared to its average volume of 14,500,976. The stock has a market capitalization of $289.00 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.80 and a beta of 0.21. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm's 50 day moving average price is $116.02 and its 200 day moving average price is $116.43.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were given a $0.95 dividend. The ex-dividend date was Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio is currently 12.75%.

Analyst Ratings Changes

A number of analysts recently commented on BABA shares. Mizuho reduced their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Loop Capital set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Barclays dropped their price objective on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Finally, Bank of America reduced their target price on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a report on Friday, July 11th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus price target of $150.80.

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.