Mutual Advisors LLC Has $459,000 Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Mutual Advisors LLC lowered its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 69.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,818 shares of the specialty retailer's stock after selling 8,639 shares during the period. Mutual Advisors LLC's holdings in Alibaba Group were worth $459,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BABA. Bruce G. Allen Investments LLC acquired a new position in shares of Alibaba Group during the 1st quarter valued at $31,000. Inlight Wealth Management LLC bought a new position in shares of Alibaba Group in the first quarter valued at $31,000. Valley National Advisers Inc. lifted its position 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 acquiring an additional 161 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Alibaba Group during the 1st quarter valued at $35,000. Finally, ORG Partners LLC grew its holdings in shares of Alibaba Group by 950.0% in the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 285 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BABA. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Citigroup cut their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Finally, Benchmark lowered their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Stock Down 3.4%

Shares of BABA traded down $3.71 during midday trading on Wednesday, reaching $104.28. 24,510,536 shares of the stock were exchanged, compared to its average volume of 20,024,541. The company has a market cap of $248.84 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.47 and a beta of 0.22. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month high of $148.43. The firm has a 50 day simple moving average of $118.73 and a 200-day simple moving average of $114.15.

Alibaba Group Cuts Dividend

The firm also recently disclosed 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 of this dividend is Thursday, June 12th. Alibaba Group's 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.