Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC decreased its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 88,642 shares of the specialty retailer's stock after selling 11,286 shares during the period. Alibaba Group makes up approximately 1.4% of Philip James Wealth Mangement LLC's holdings, making the stock its 11th biggest position. Philip James Wealth Mangement LLC's holdings in Alibaba Group were worth $11,721,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BABA. Bruce G. Allen Investments LLC bought a new stake in shares of Alibaba Group during the 1st quarter worth about $31,000. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group during the first quarter valued at approximately $31,000. ORG Partners LLC raised its holdings in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 200 shares during the period. Finally, Redwood Park Advisors LLC bought a new position in Alibaba Group during the 4th quarter valued at $52,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Down 0.5%

BABA stock opened at $113.99 on Friday. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market cap of $271.84 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.48 and a beta of 0.22. The business's 50-day simple moving average is $119.66 and its 200 day simple moving average is $112.65.

Alibaba Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BABA shares. Loop Capital set a $176.00 target price on Alibaba Group in a report on Friday, May 16th. Mizuho decreased their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Citigroup dropped their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Robert W. Baird cut their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $154.13.

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.

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