Mutual Advisors LLC Sells 8,639 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Mutual Advisors LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 69.4% in the first quarter, according to its most recent Form 13F filing with the Securities and 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 reporting period.

A number of other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in Alibaba Group in the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC bought a new position in Alibaba Group in the 1st quarter worth approximately $31,000. Valley National Advisers Inc. raised its position in Alibaba Group by 151.9% in the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new position in Alibaba Group in the 1st quarter worth approximately $35,000. Finally, ORG Partners LLC raised its position in 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 purchasing an additional 285 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Trading Up 1.6%

NYSE BABA traded up $1.70 during mid-day trading on Tuesday, reaching $107.97. 11,233,614 shares of the stock were exchanged, compared to its average volume of 23,018,527. Alibaba Group Holding Limited has a one year low of $73.87 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $257.64 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.47 and a beta of 0.22. The stock has a 50 day simple moving average of $118.95 and a 200-day simple moving average of $114.20.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued 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 presently 13.83%.

Wall Street Analyst Weigh In

Several analysts have commented on BABA shares. Loop Capital set a $176.00 target price on shares of Alibaba Group in a research report on Friday, May 16th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Mizuho dropped their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Benchmark dropped their target price on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.13.

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.