Flossbach Von Storch SE Decreases Stake in Alibaba Group Holding Limited (NYSE:BABA)

Flossbach Von Storch SE reduced its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,200 shares of the specialty retailer's stock after selling 50,900 shares during the period. Flossbach Von Storch SE's holdings in Alibaba Group were worth $26,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BABA. Inlight Wealth Management LLC bought a new stake in Alibaba Group in the first quarter valued at approximately $31,000. Bruce G. Allen Investments LLC bought a new position in shares of Alibaba Group during the 1st quarter worth approximately $31,000. LFA Lugano Financial Advisors SA bought a new position in shares of Alibaba Group during the 1st quarter worth approximately $35,000. Valley National Advisers Inc. boosted its holdings in shares of Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after buying an additional 161 shares in the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Alibaba Group by 950.0% during the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after buying an additional 285 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Benchmark decreased their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Finally, Mizuho cut their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alibaba Group has an average rating of "Moderate Buy" and a consensus price target of $154.13.

Alibaba Group Stock Performance

Shares of BABA stock traded down $3.71 on Wednesday, hitting $104.28. 24,510,536 shares of the stock were exchanged, compared to its average volume of 20,002,430. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $248.84 billion, a PE ratio of 14.00, a P/E/G ratio of 0.46 and a beta of 0.22. Alibaba Group Holding Limited has a one year low of $73.87 and a one year high of $148.43. The firm's 50 day moving average is $118.73 and its two-hundred day moving average is $114.15.

Alibaba Group Cuts Dividend

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

About Alibaba Group

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.