International Assets Investment Management LLC Has $1.11 Million Stake in Alibaba Group Holding Limited (NYSE:BABA)

International Assets Investment Management LLC lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 31.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,426 shares of the specialty retailer's stock after selling 3,940 shares during the quarter. International Assets Investment Management LLC's holdings in Alibaba Group were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $585,479,000. Renaissance Technologies LLC boosted its stake in Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after purchasing an additional 2,024,640 shares during the period. Appaloosa LP grew its holdings in Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after buying an additional 1,843,158 shares during the last quarter. Janus Henderson Group PLC increased its position in Alibaba Group by 95.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after buying an additional 1,030,999 shares during the period. Finally, Polunin Capital Partners Ltd lifted its holdings in shares of Alibaba Group by 218.1% during the first quarter. Polunin Capital Partners Ltd now owns 1,325,120 shares of the specialty retailer's stock worth $175,221,000 after buying an additional 908,544 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BABA shares. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research report on Wednesday, May 14th. Mizuho cut their price objective 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. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Loop Capital set a $176.00 price target on Alibaba Group in a research note on Friday, May 16th. Finally, Arete downgraded 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. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Price Performance

Alibaba Group stock traded down $0.63 during mid-day trading on Thursday, hitting $113.92. 2,015,703 shares of the company were exchanged, compared to its average volume of 19,891,106. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $119.56 and a 200 day moving average of $112.50. The company has a market capitalization of $271.68 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.49 and a beta of 0.22.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued 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 is currently 13.83%.

Alibaba Group Company 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.