GFG Capital LLC Sells 19,596 Shares of Alibaba Group Holding Limited (NYSE:BABA)

GFG Capital LLC lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,544 shares of the specialty retailer's stock after selling 19,596 shares during the period. Alibaba Group accounts for approximately 1.8% of GFG Capital LLC's portfolio, making the stock its 16th largest holding. GFG Capital LLC's holdings in Alibaba Group were worth $6,022,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Appaloosa LP raised its position in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after buying an additional 1,843,158 shares in the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group in the fourth quarter worth $585,479,000. Bank of America Corp DE raised its position in shares of Alibaba Group by 7.0% in the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after buying an additional 438,537 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Alibaba Group by 19.5% during the fourth 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 valued at $390,885,000 after purchasing an additional 752,275 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Alibaba Group by 3,214.5% during the first 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 in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Mizuho reduced their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research note on Wednesday, May 14th. Bank of America cut their target price on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday. 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 report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.13.

Alibaba Group Stock Up 0.1%

NYSE BABA traded up $0.08 during mid-day trading on Friday, reaching $106.72. The stock had a trading volume of 10,755,903 shares, compared to its average volume of 19,997,331. Alibaba Group Holding Limited has a 1 year low of $73.87 and a 1 year high of $148.43. The stock has a market cap of $254.66 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.46 and a beta of 0.21. The company has a fifty day moving average price of $117.76 and a 200 day moving average price of $114.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is currently 12.75%.

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.