Alibaba Group Holding Limited (NYSE:BABA) Stake Lowered by GTS Securities LLC

GTS Securities LLC reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 99.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,475 shares of the specialty retailer's stock after selling 845,513 shares during the period. GTS Securities LLC's holdings in Alibaba Group were worth $379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Appaloosa LP grew its position in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after purchasing an additional 1,843,158 shares during the period. Norges Bank purchased a new stake in shares of Alibaba Group in the fourth quarter valued at $585,479,000. Bank of America Corp DE grew its position in shares of Alibaba Group by 7.0% in the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after purchasing an additional 438,537 shares during the period. Fisher Asset Management LLC grew its position in shares of Alibaba Group by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock valued at $431,906,000 after purchasing an additional 78,757 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 19.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock valued at $390,885,000 after acquiring an additional 752,275 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of research analyst reports. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Mizuho reduced their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $154.21.

Alibaba Group Stock Down 2.8%

Shares of NYSE:BABA traded down $3.29 during trading on Friday, hitting $113.89. The company's stock had a trading volume of 17,187,371 shares, compared to its average volume of 20,012,154. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The stock's 50-day moving average price is $119.64 and its two-hundred day moving average price is $109.05. The company has a market capitalization of $271.72 billion, a PE ratio of 16.46, a PEG ratio of 0.61 and a beta of 0.24.

Alibaba Group Cuts Dividend

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

Alibaba Group Company 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.