Allianz Asset Management GmbH Grows Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Allianz Asset Management GmbH grew its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 191.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 475,317 shares of the specialty retailer's stock after acquiring an additional 311,966 shares during the period. Allianz Asset Management GmbH's holdings in Alibaba Group were worth $62,851,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 981 shares in the last quarter. Xponance Inc. grew its holdings in shares of Alibaba Group by 4.5% in the fourth quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock valued at $230,000 after purchasing an additional 116 shares in the last quarter. Congress Wealth Management LLC DE grew its holdings in shares of Alibaba Group by 2.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,325 shares of the specialty retailer's stock valued at $536,000 after purchasing an additional 141 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd grew its holdings in shares of Alibaba Group by 8.3% in the fourth quarter. Taikang Asset Management Hong Kong Co Ltd now owns 130,000 shares of the specialty retailer's stock valued at $11,023,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of Alibaba Group by 113.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 43,000 shares of the specialty retailer's stock valued at $3,646,000 after purchasing an additional 22,900 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 0.9%

Shares of Alibaba Group stock traded down $1.11 during trading hours on Friday, hitting $120.05. The company had a trading volume of 7,032,735 shares, compared to its average volume of 14,650,496. The company's 50-day moving average is $115.96 and its two-hundred day moving average is $116.90. Alibaba Group Holding Limited has a twelve month low of $73.87 and a twelve 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. The company has a market cap of $286.43 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.21.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's payout ratio is 12.75%.

Analyst Ratings Changes

A number of research analysts recently weighed in on BABA shares. Mizuho dropped their price objective 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. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Benchmark restated a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Bank of America lowered their price target on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a report on Friday, July 11th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $150.80.

Alibaba Group Company 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.