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

Alibaba Group logo with Retail/Wholesale background

Flossbach Von Storch SE trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 20.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Alibaba Group during the 1st quarter valued at about $31,000. Inlight Wealth Management LLC purchased a new stake in shares of Alibaba Group during the 1st quarter valued at about $31,000. 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 valued at $35,000 after acquiring an additional 161 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Alibaba Group during the 1st quarter valued at about $35,000. 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 valued at $42,000 after acquiring an additional 285 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BABA. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 14th. Robert W. Baird lowered their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Finally, Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $154.13.

Get Our Latest Analysis on Alibaba Group

Alibaba Group Stock Up 1.6%

NYSE BABA opened at $107.97 on Wednesday. The stock has a market cap of $257.64 billion, a PE ratio of 14.49, a P/E/G ratio of 0.46 and a beta of 0.22. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43. The stock's 50 day moving average is $118.73 and its 200 day moving average is $114.15.

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 given a dividend of $0.95 per share. 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%.

About Alibaba Group

(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

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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