GTS Securities LLC Reduces Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

GTS Securities LLC decreased its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BABA. Vise Technologies Inc. grew its stake in Alibaba Group by 811.6% during the 4th quarter. Vise Technologies Inc. now owns 25,644 shares of the specialty retailer's stock worth $2,174,000 after purchasing an additional 22,831 shares in the last quarter. JT Stratford LLC increased its stake in shares of Alibaba Group by 7.8% during the fourth quarter. JT Stratford LLC now owns 6,838 shares of the specialty retailer's stock worth $580,000 after buying an additional 496 shares during the period. Inspire Trust Co. N.A. raised its holdings in Alibaba Group by 35.0% in the fourth quarter. Inspire Trust Co. N.A. now owns 27,000 shares of the specialty retailer's stock valued at $2,289,000 after acquiring an additional 7,000 shares in the last quarter. Brown Shipley& Co Ltd raised its holdings in Alibaba Group by 279.1% in the fourth quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock valued at $55,000 after acquiring an additional 480 shares in the last quarter. Finally, Poehling Capital Management INC. lifted its stake in Alibaba Group by 32.7% in the fourth quarter. Poehling Capital Management INC. now owns 36,526 shares of the specialty retailer's stock worth $3,097,000 after acquiring an additional 8,998 shares during the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BABA shares. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Citigroup decreased their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America increased their price objective on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Benchmark decreased their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $154.21.

Alibaba Group Price Performance

Alibaba Group stock traded down $3.29 during midday trading on Friday, reaching $113.89. The company's stock had a trading volume of 17,187,371 shares, compared to its average volume of 19,987,953. The firm has a market capitalization of $271.72 billion, a PE ratio of 16.46, a P/E/G ratio of 0.61 and a beta of 0.24. 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 simple moving average is $120.01 and its 200 day simple moving average is $108.65. 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 Cuts Dividend

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