Fort Washington Investment Advisors Inc. OH Has $41.28 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Fort Washington Investment Advisors Inc. OH lessened its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 14.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,201 shares of the specialty retailer's stock after selling 51,118 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Alibaba Group were worth $41,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BABA. Norges Bank acquired a new stake in shares of Alibaba Group in the 4th quarter valued at $585,479,000. Renaissance Technologies LLC boosted its holdings in shares of Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares in the last quarter. Appaloosa LP boosted its holdings 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 purchasing an additional 1,843,158 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Alibaba Group by 95.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock valued at $179,087,000 after purchasing an additional 1,030,999 shares in the last quarter. Finally, Polunin Capital Partners Ltd boosted its holdings in shares of Alibaba Group by 218.1% in the 1st quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer's stock valued at $175,221,000 after purchasing an additional 908,544 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BABA. Bank of America raised their target price on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Citigroup cut their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Arete Research raised Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Mizuho cut their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $154.21.

Alibaba Group Trading Down 3.1%

BABA traded down $3.74 during midday trading on Thursday, hitting $116.59. 10,042,032 shares of the company were exchanged, compared to its average volume of 19,994,294. The firm has a market capitalization of $278.18 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.61 and a beta of 0.22. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The firm's 50 day moving average price is $117.87 and its 200-day moving average price is $110.53. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The firm 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 dividend payout ratio is 13.83%.

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.