Mutual Advisors LLC Trims Stake in Alibaba Group Holding Limited (NYSE:BABA)

Mutual Advisors LLC lessened its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 69.4% during the 1st quarter, according to its most recent 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 quarter. Mutual Advisors LLC's holdings in Alibaba Group were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of BABA. WCM Investment Management LLC bought a new stake in Alibaba Group during the first quarter valued at about $4,074,000. KMG Fiduciary Partners LLC bought a new stake in Alibaba Group during the first quarter valued at about $1,948,000. Avaii Wealth Management LLC bought a new stake in Alibaba Group during the first quarter valued at about $563,000. Fiduciary Alliance LLC boosted its position in Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock valued at $15,596,000 after purchasing an additional 18,230 shares in the last quarter. Finally, Summa Corp. boosted its position in Alibaba Group by 28.7% during the first quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock valued at $9,477,000 after purchasing an additional 16,000 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE:BABA traded up $0.08 during trading on Friday, reaching $106.72. The stock had a trading volume of 10,755,903 shares, compared to its average volume of 19,993,227. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The business has a fifty day moving average price of $118.14 and a 200-day moving average price of $114.23. The stock has a market cap of $254.66 billion, a PE ratio of 14.32, a PEG ratio of 0.45 and a beta of 0.21. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is currently 12.75%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho lowered their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Finally, Bank of America lowered their price target on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $153.13.

About Alibaba Group

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.