Flossbach Von Storch SE Has $26.21 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

Flossbach Von Storch SE decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,200 shares of the specialty retailer's stock after selling 50,900 shares during the quarter. Flossbach Von Storch SE's holdings in Alibaba Group were worth $26,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BABA. Appaloosa LP raised its position in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Norges Bank acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $585,479,000. Bank of America Corp DE increased its position in Alibaba Group by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after purchasing an additional 438,537 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Alibaba Group by 19.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after purchasing an additional 752,275 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Alibaba Group by 3,214.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after purchasing an additional 4,246,564 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Trading Up 2.7%

Shares of NYSE:BABA traded up $2.78 during trading on Thursday, reaching $106.61. The stock had a trading volume of 13,386,673 shares, compared to its average volume of 20,029,820. The firm's fifty day moving average is $118.14 and its 200 day moving average is $114.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The stock has a market cap of $254.40 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.45 and a beta of 0.21.

Alibaba Group Cuts Dividend

The business also recently announced 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 of this dividend is 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

BABA has been the subject of a number of research analyst reports. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective for the company. in a research report on Tuesday, June 24th. Mizuho lowered their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 14th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Benchmark lowered their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.13.

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.