Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by GFG Capital LLC

GFG Capital LLC lessened its holdings 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 13F filing 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 quarter. Alibaba Group makes up 1.8% of GFG Capital LLC's investment 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.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Greenleaf Trust boosted its position in Alibaba Group by 1.0% in the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after buying an additional 85 shares during the period. Marcum Wealth LLC grew its stake in shares of Alibaba Group by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after purchasing an additional 86 shares in the last quarter. Principal Securities Inc. raised its stake in Alibaba Group by 0.5% in the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock valued at $2,225,000 after buying an additional 89 shares in the last quarter. Institute for Wealth Management LLC. raised its stake in Alibaba Group by 1.1% in the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after buying an additional 93 shares in the last quarter. Finally, Rings Capital Management LLC raised its stake in Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho reduced their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 14th. Benchmark dropped their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $154.13.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $3.71 on Wednesday, hitting $104.28. The company's stock had a trading volume of 24,510,536 shares, compared to its average volume of 20,002,430. 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 company has a market capitalization of $248.84 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.46 and a beta of 0.22. The stock has a 50 day moving average of $118.73 and a 200-day moving average of $114.15. Alibaba Group Holding Limited has a 12-month low of $73.87 and a 12-month high of $148.43.

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 given a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's payout ratio is currently 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.