Generali Investments CEE investicni spolecnost a.s. Has $2.94 Million Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Generali Investments CEE investicni spolecnost a.s. lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 57.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,250 shares of the specialty retailer's stock after selling 29,962 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in Alibaba Group were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Alibaba Group during the fourth quarter valued at about $585,479,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Alibaba Group by 3,214.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock valued at $578,992,000 after purchasing an additional 4,246,564 shares during the period. Renaissance Technologies LLC grew its stake 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 buying an additional 2,024,640 shares in the last quarter. Appaloosa LP grew its holdings in Alibaba Group by 18.4% during the fourth 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 during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Alibaba Group by 95.4% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research report on Wednesday, May 14th. Arete cut 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. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Citigroup reduced their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Price Performance

Shares of NYSE:BABA traded down $2.04 during midday trading on Friday, reaching $108.67. The company's stock had a trading volume of 11,847,157 shares, compared to its average volume of 19,992,757. Alibaba Group Holding Limited has a fifty-two week low of $72.95 and a fifty-two week high of $148.43. The company has a market capitalization of $259.31 billion, a P/E ratio of 14.59, a P/E/G ratio of 0.47 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The business's fifty day simple moving average is $119.19 and its 200-day simple moving average is $113.82.

Alibaba Group Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is presently 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.