Y Intercept Hong Kong Ltd Lowers Stake in Alibaba Group Holding Limited (NYSE:BABA)

Y Intercept Hong Kong Ltd lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 60.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,524 shares of the specialty retailer's stock after selling 17,423 shares during the period. Y Intercept Hong Kong Ltd's holdings in Alibaba Group were worth $1,524,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in BABA. Greenleaf Trust increased its position in Alibaba Group by 1.0% in the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after acquiring an additional 85 shares during the period. Marcum Wealth LLC increased its holdings in shares of Alibaba Group by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after purchasing an additional 86 shares during the period. Principal Securities Inc. raised its stake in shares of Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after purchasing an additional 89 shares during the last quarter. Institute for Wealth Management LLC. lifted its holdings in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after purchasing an additional 93 shares during the period. Finally, Rings Capital Management LLC lifted its holdings in shares of Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Barclays dropped their target price on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Finally, Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.29.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $1.11 on Friday, hitting $120.05. The company's stock had a trading volume of 7,032,735 shares, compared to its average volume of 14,650,496. The stock has a 50 day moving average of $115.96 and a 200-day moving average of $116.90. The company has a market capitalization of $286.43 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.21. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month 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.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued 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 presently 12.75%.

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.