Blue Pool Management Ltd. cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 80.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 374,500 shares of the specialty retailer's stock after selling 1,583,000 shares during the period. Alibaba Group makes up approximately 100.0% of Blue Pool Management Ltd.'s investment portfolio, making the stock its largest holding. Blue Pool Management Ltd.'s holdings in Alibaba Group were worth $49,520,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of BABA. Brighton Jones LLC grew its holdings in shares of Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after buying an additional 981 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Alibaba Group by 13.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,058 shares of the specialty retailer's stock worth $768,000 after buying an additional 1,070 shares during the last quarter. Xponance Inc. increased its holdings in shares of Alibaba Group by 4.5% during the 4th quarter. Xponance Inc. now owns 2,709 shares of the specialty retailer's stock worth $230,000 after acquiring an additional 116 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Alibaba Group by 5.0% during the 4th quarter. American Century Companies Inc. now owns 1,507,591 shares of the specialty retailer's stock worth $127,829,000 after acquiring an additional 72,140 shares during the last quarter. Finally, Congress Wealth Management LLC DE increased its holdings in shares of Alibaba Group by 2.3% during the 4th quarter. Congress Wealth Management LLC DE now owns 6,325 shares of the specialty retailer's stock worth $536,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 13.47% of the company's stock.
Alibaba Group Price Performance
Shares of BABA stock traded down $1.46 on Thursday, hitting $121.12. 11,317,763 shares of the company's stock were exchanged, compared to its average volume of 22,515,957. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market cap of $289.00 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.78 and a beta of 0.21. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43. The company has a 50 day moving average of $116.07 and a 200 day moving average of $116.18.
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 dividend of $0.95 per share. The ex-dividend date was Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's payout ratio is presently 12.75%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on BABA shares. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Mizuho dropped their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Finally, Bank of America lowered their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $150.80.
Check Out Our Latest Stock Report on BABA
Alibaba Group 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.
Recommended Stories
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
