Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC lessened its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 22.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,469 shares of the specialty retailer's stock after selling 4,929 shares during the period. Beverly Hills Private Wealth LLC's holdings in Alibaba Group were worth $2,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC increased its holdings in Alibaba Group by 2.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 96,165 shares of the specialty retailer's stock valued at $12,716,000 after buying an additional 2,476 shares in the last quarter. Financial Counselors Inc. increased its holdings in Alibaba Group by 20.9% in the first quarter. Financial Counselors Inc. now owns 4,728 shares of the specialty retailer's stock valued at $625,000 after buying an additional 818 shares in the last quarter. BOCHK Asset Management Ltd purchased a new position in Alibaba Group in the first quarter valued at $489,000. Envestnet Asset Management Inc. increased its holdings in Alibaba Group by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 419,468 shares of the specialty retailer's stock valued at $55,466,000 after buying an additional 16,960 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in Alibaba Group by 43.2% in the first quarter. Penserra Capital Management LLC now owns 186,610 shares of the specialty retailer's stock valued at $24,674,000 after buying an additional 56,294 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Citigroup cut their price objective 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. Robert W. Baird cut their price objective 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. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Finally, Benchmark cut their target price on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Price Performance

BABA traded down $2.37 on Monday, reaching $106.33. 17,375,569 shares of the company's stock were exchanged, compared to its average volume of 19,982,455. The stock has a market cap of $253.73 billion, a PE ratio of 14.27, a P/E/G ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a twelve month low of $72.95 and a twelve month high of $148.43. The stock's fifty day moving average price is $119.19 and its 200-day moving average price is $114.03. 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 declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is presently 13.83%.

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.