Cambridge Investment Research Advisors Inc. Reduces Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Cambridge Investment Research Advisors Inc. reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 37.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,593 shares of the specialty retailer's stock after selling 43,676 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Alibaba Group were worth $9,599,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new position in shares of Alibaba Group during the first quarter valued at approximately $31,000. Inlight Wealth Management LLC acquired a new stake in shares of Alibaba Group in the 1st quarter worth $31,000. ORG Partners LLC boosted its position in shares of Alibaba Group by 950.0% in the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its position in shares of Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group in the 4th quarter worth $52,000. 13.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BABA. Citigroup reduced their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research report on Tuesday, June 24th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Finally, Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of "Moderate Buy" and an average price target of $154.13.

Alibaba Group Trading Up 0.2%

NYSE BABA traded up $0.18 on Friday, reaching $114.11. The stock had a trading volume of 12,343,000 shares, compared to its average volume of 20,007,518. The firm has a market capitalization of $272.29 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.48 and a beta of 0.22. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12-month low of $71.97 and a 12-month high of $148.43. The stock has a fifty day moving average price of $119.76 and a two-hundred day moving average price of $113.15.

Alibaba Group Cuts Dividend

The business 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. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's payout ratio is currently 13.83%.

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.