Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 749,556 shares of the specialty retailer's stock after selling 73,348 shares during the quarter. Handelsbanken Fonder AB's holdings in Alibaba Group were worth $99,114,000 at the end of the most recent quarter.

Other large investors have 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 first quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the 4th quarter valued at $32,000. Strategic Investment Solutions Inc. IL raised its position in Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after buying an additional 200 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group in the 4th quarter worth $52,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE:BABA traded down $3.91 on Friday, hitting $112.71. The company had a trading volume of 13,309,167 shares, compared to its average volume of 19,991,586. The company has a market cap of $268.93 billion, a PE ratio of 16.29, a PEG ratio of 0.61 and a beta of 0.22. The business has a 50 day moving average of $118.35 and a 200 day moving average of $110.93. Alibaba Group Holding Limited has a 52-week low of $71.80 and a 52-week high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.95 per share. 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 is currently 13.83%.

Wall Street Analysts Forecast Growth

BABA has been the subject of several analyst reports. Mizuho cut their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Bank of America raised their price target 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 target on Alibaba Group in a research note on Wednesday, May 14th. Citigroup cut 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. Finally, Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $154.21.

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.