Alibaba Group Holding Limited (NYSE:BABA) Stake Boosted by Henry James International Management Inc.

Henry James International Management Inc. grew its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 10.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 28,496 shares of the specialty retailer's stock after buying an additional 2,702 shares during the period. Alibaba Group accounts for approximately 1.3% of Henry James International Management Inc.'s portfolio, making the stock its 26th largest position. Henry James International Management Inc.'s holdings in Alibaba Group were worth $3,768,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC acquired a new position in Alibaba Group during the first quarter worth about $31,000. Bruce G. Allen Investments LLC acquired a new position in Alibaba Group during the first quarter worth about $31,000. ORG Partners LLC grew its position in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after buying an additional 285 shares during the period. FSC Wealth Advisors LLC acquired a new position in shares of Alibaba Group during the 1st quarter worth $61,000. Finally, IAG Wealth Partners LLC raised its stake in shares of Alibaba Group by 67.2% during the 1st quarter. IAG Wealth Partners LLC now owns 515 shares of the specialty retailer's stock worth $68,000 after buying an additional 207 shares during the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Benchmark lowered their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird decreased their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Stock Down 3.0%

BABA stock traded down $3.39 during mid-day trading on Wednesday, hitting $110.58. 8,823,684 shares of the company were exchanged, compared to its average volume of 19,927,899. The firm has a fifty day simple moving average of $119.79 and a 200 day simple moving average of $113.34. The company has a market capitalization of $263.87 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a twelve month low of $71.97 and a twelve month high of $148.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 13.83%.

About Alibaba Group

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.