Generate Investment Management Ltd decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 34.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,206 shares of the specialty retailer's stock after selling 29,716 shares during the period. Generate Investment Management Ltd's holdings in Alibaba Group were worth $7,432,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in Alibaba Group during the first quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new stake in Alibaba Group during the first quarter worth approximately $31,000. ORG Partners LLC boosted its holdings in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after buying an additional 285 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted 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 worth $46,000 after buying an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC acquired a new position in shares of Alibaba Group in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 13.47% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Loop Capital set a $176.00 target price on shares of Alibaba Group 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 report on Tuesday. Robert W. Baird decreased their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a report on Tuesday. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.13.
Read Our Latest Stock Report on Alibaba Group
Alibaba Group Price Performance
NYSE BABA opened at $116.95 on Wednesday. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The company has a 50 day moving average price of $119.41 and a two-hundred day moving average price of $112.49. The stock has a market capitalization of $278.91 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.46 and a beta of 0.22. The company has a quick ratio of 1.48, a current ratio of 1.55 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 given a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is currently 13.83%.
Alibaba Group Profile
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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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