Allianz SE Reduces Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Key Points

• Allianz SE has reduced its stake in Alibaba Group by 35.3%, selling 13,960 shares during the first quarter, leaving it with 25,587 shares valued at $3,383,000.
• Alibaba recently declared a $0.95 per share dividend, reflecting a significant yield of 80.0% and a payout ratio of 12.75%.
• Analyst ratings for Alibaba Group have varied, with some upgrades and downgrades, but the average target price is set at $153.29 and the stock maintains an average rating of "Moderate Buy."

Allianz SE reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 35.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,587 shares of the specialty retailer's stock after selling 13,960 shares during the quarter. Allianz SE's holdings in Alibaba Group were worth $3,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after acquiring an additional 4,246,564 shares during the period. Trivest Advisors Ltd acquired a new position in shares of Alibaba Group in the 1st quarter worth approximately $295,270,000. Renaissance Technologies LLC increased its position in shares of Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Alibaba Group by 95.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after purchasing an additional 1,030,999 shares during the period. Finally, Polunin Capital Partners Ltd increased its holdings in shares of Alibaba Group by 218.1% in the 1st quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer's stock valued at $175,221,000 after purchasing an additional 908,544 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BABA shares. Loop Capital set a $176.00 price target on shares of Alibaba Group in a report on Friday, May 16th. Robert W. Baird cut their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Bank of America dropped their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and an average price target of $153.29.

Alibaba Group Price Performance

BABA traded down $0.25 during trading on Thursday, reaching $120.61. The stock had a trading volume of 4,210,824 shares, compared to its average volume of 21,677,262. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 1-year low of $77.74 and a 1-year high of $148.43. The stock has a 50 day moving average of $115.58 and a two-hundred day moving average of $118.68. The firm has a market capitalization of $287.70 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.72 and a beta of 0.17.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 80.0%. Alibaba Group's dividend payout ratio is presently 12.75%.

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.