American Financial Advisors LLC trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 60.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,796 shares of the specialty retailer's stock after selling 2,771 shares during the period. American Financial Advisors LLC's holdings in Alibaba Group were worth $237,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Alibaba Group during the 4th quarter valued at about $585,479,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Alibaba Group by 3,214.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock valued at $578,992,000 after acquiring an additional 4,246,564 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after acquiring an additional 2,024,640 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of 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 valued at $179,087,000 after acquiring an additional 1,030,999 shares in the last quarter. Finally, Polunin Capital Partners Ltd boosted its position in shares of Alibaba Group by 218.1% during 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 acquiring an additional 908,544 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BABA has been the topic of several recent research reports. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Mizuho cut their price target 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 cut their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Benchmark cut their price target on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Finally, Robert W. Baird cut their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.13.
Check Out Our Latest Stock Report on BABA
Alibaba Group Trading Up 0.1%
Shares of NYSE BABA opened at $106.72 on Friday. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43. The company has a market cap of $254.66 billion, a PE ratio of 14.32, a P/E/G ratio of 0.46 and a beta of 0.21. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $117.76 and a two-hundred day moving average of $114.38.
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 paid a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio is presently 12.75%.
Alibaba Group Company Profile
(
Free Report)
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.
See Also
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