Flossbach Von Storch SE Sells 50,900 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Flossbach Von Storch SE lowered its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.4% in the 1st quarter, according to its most recent 13F 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 have also bought and sold shares of the business. Inlight Wealth Management LLC purchased a new position in Alibaba Group during the 1st quarter worth $31,000. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group during the 1st quarter worth $31,000. LFA Lugano Financial Advisors SA purchased a new position in Alibaba Group during the 1st quarter worth $35,000. Valley National Advisers Inc. boosted its holdings in 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 acquiring an additional 161 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in 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 acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of analyst reports. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a report on Wednesday, May 14th. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a report on Tuesday, June 24th. Mizuho cut their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Loop Capital set a $176.00 price target on shares of Alibaba Group in a report on Friday, May 16th. Finally, Robert W. Baird cut their price target on shares of Alibaba Group from $147.00 to $142.00 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 stock. According to MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Stock Performance

Alibaba Group stock traded up $2.10 during midday trading on Thursday, reaching $105.93. The stock had a trading volume of 7,601,184 shares, compared to its average volume of 22,907,604. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43. The firm's 50-day moving average price is $118.42 and its 200 day moving average price is $114.09. The firm has a market capitalization of $252.78 billion, a PE ratio of 14.22, a P/E/G ratio of 0.47 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 Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio is presently 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.