Aubrey Capital Management Ltd Sells 83,500 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Aubrey Capital Management Ltd reduced its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 55.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,400 shares of the specialty retailer's stock after selling 83,500 shares during the quarter. Alibaba Group accounts for 3.6% of Aubrey Capital Management Ltd's portfolio, making the stock its 8th largest position. Aubrey Capital Management Ltd's holdings in Alibaba Group were worth $8,912,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Bellecapital International Ltd. acquired a new stake in shares of Alibaba Group in the first quarter worth $302,000. Sapient Capital LLC acquired a new stake in shares of Alibaba Group in the first quarter worth $14,912,000. Simon Quick Advisors LLC boosted its position in shares of Alibaba Group by 116.5% in the first quarter. Simon Quick Advisors LLC now owns 5,684 shares of the specialty retailer's stock worth $752,000 after buying an additional 3,059 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Alibaba Group in the first quarter worth $236,000. Finally, McKinley Carter Wealth Services Inc. acquired a new stake in shares of Alibaba Group in the first quarter worth $235,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Stock Down 3.4%

NYSE BABA traded down $3.91 during trading on Friday, hitting $112.71. 13,309,167 shares of the company traded hands, compared to its average volume of 19,998,473. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The business has a fifty day simple moving average of $118.35 and a 200 day simple moving average of $111.10. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $268.93 billion, a P/E ratio of 16.29, a PEG ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's payout ratio is presently 13.83%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BABA shares. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Mizuho decreased their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Benchmark cut their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Wall Street Zen upgraded Alibaba Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Bank of America increased their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $154.21.

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.