Alibaba Group Holding Limited (NYSE:BABA) Position Cut by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC reduced its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,175 shares of the specialty retailer's stock after selling 11,001 shares during the quarter. AlphaStar Capital Management LLC's holdings in Alibaba Group were worth $2,271,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BABA. Marcum Wealth LLC lifted its stake 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 worth $363,000 after acquiring an additional 86 shares in the last quarter. Institute for Wealth Management LLC. lifted its stake in shares of Alibaba Group by 1.1% in the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after acquiring an additional 93 shares in the last quarter. Rings Capital Management LLC lifted its stake in shares of Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after acquiring an additional 100 shares in the last quarter. HM Payson & Co. lifted its stake in shares of Alibaba Group by 41.7% in the first quarter. HM Payson & Co. now owns 340 shares of the specialty retailer's stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Global Endowment Management LP lifted its stake in shares of Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after acquiring an additional 106 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BABA. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup cut their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Benchmark cut their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, Loop Capital set a $176.00 price objective on Alibaba Group in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and an average price target of $154.13.

Alibaba Group Stock Performance

BABA stock traded up $2.78 on Thursday, reaching $106.61. The company's stock had a trading volume of 12,745,317 shares, compared to its average volume of 19,997,852. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The company has a market capitalization of $254.40 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. The firm has a fifty day moving average of $118.42 and a two-hundred day moving average of $114.09. 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 firm also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is 13.83%.

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.