Blue Pool Management Ltd. Trims Stake in Alibaba Group Holding Limited (NYSE:BABA)

Blue Pool Management Ltd. lowered its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 80.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 374,500 shares of the specialty retailer's stock after selling 1,583,000 shares during the quarter. Alibaba Group comprises 100.0% of Blue Pool Management Ltd.'s holdings, making the stock its biggest position. Blue Pool Management Ltd.'s holdings in Alibaba Group were worth $49,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich raised its stake in Alibaba Group by 134.5% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 27,298 shares of the specialty retailer's stock valued at $3,610,000 after purchasing an additional 15,656 shares in the last quarter. Maytree Asset Management Ltd acquired a new position in Alibaba Group in the first quarter valued at about $1,913,000. Highlander Partners L.P. acquired a new position in Alibaba Group in the first quarter valued at about $11,530,000. Choreo LLC raised its stake in Alibaba Group by 33.4% in the first quarter. Choreo LLC now owns 8,297 shares of the specialty retailer's stock valued at $1,097,000 after purchasing an additional 2,078 shares in the last quarter. Finally, Tabor Asset Management LP acquired a new position in Alibaba Group in the first quarter valued at about $393,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Loop Capital set a $176.00 target price on Alibaba Group in a research note on Friday, May 16th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Bank of America lowered their target price on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Mizuho lowered their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Benchmark reissued a "buy" rating on shares of Alibaba Group in a research note on Monday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and an average target price of $150.80.

Alibaba Group Trading Up 1.6%

Shares of NYSE:BABA traded up $1.90 during midday trading on Wednesday, hitting $122.61. 12,801,708 shares of the stock were exchanged, compared to its average volume of 20,236,615. The stock has a market capitalization of $292.55 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.77 and a beta of 0.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The business's 50-day moving average price is $116.76 and its 200 day moving average price is $115.86. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is currently 12.75%.

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.