Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Boothe Investment Group Inc.

Boothe Investment Group Inc. trimmed its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 40.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,179 shares of the specialty retailer's stock after selling 36,249 shares during the period. Alibaba Group comprises approximately 3.3% of Boothe Investment Group Inc.'s holdings, making the stock its 11th largest holding. Boothe Investment Group Inc.'s holdings in Alibaba Group were worth $7,164,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at approximately $31,000. Sierra Ocean LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL raised its position in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares in the last quarter. Redwood Park Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Barclays boosted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $154.21.

Alibaba Group Price Performance

Shares of BABA opened at $112.71 on Monday. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The company has a market cap of $268.93 billion, a P/E ratio of 16.29, a PEG ratio of 0.61 and a beta of 0.22. The stock has a fifty day moving average price of $118.35 and a 200 day moving average price of $111.27. 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 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 given 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 presently 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.

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