Jefferies Financial Group Inc. lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 93.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,583 shares of the specialty retailer's stock after selling 35,834 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Alibaba Group were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in BABA. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL lifted its holdings 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 position in shares of Alibaba Group in the 4th quarter worth approximately $52,000. Vision Financial Markets LLC acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $55,000. Finally, Brown Shipley& Co Ltd raised its position in shares of Alibaba Group by 279.1% during the 4th quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock valued at $55,000 after acquiring an additional 480 shares in the last quarter. Institutional investors own 13.47% of the company's stock.
Alibaba Group Price Performance
Shares of NYSE BABA traded up $4.56 during mid-day trading on Wednesday, reaching $119.53. 18,081,113 shares of the company traded hands, compared to its average volume of 20,013,076. The firm has a market cap of $285.17 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The stock has a fifty day simple moving average of $118.62 and a 200-day simple moving average of $109.35.
Alibaba Group Cuts Dividend
The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.95 dividend. 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 (DPR) is 13.83%.
Analyst Upgrades and Downgrades
BABA has been the subject of several recent research reports. Citigroup lowered their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $104.00 to $165.00 in a research note on Tuesday, February 25th. Benchmark decreased their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Mizuho reduced their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $154.21.
Get Our Latest Stock Analysis on BABA
Alibaba Group Profile
(
Free Report)
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.
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