Milestone Asset Management LLC Sells 25,560 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Milestone Asset Management LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 64.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,079 shares of the specialty retailer's stock after selling 25,560 shares during the period. Milestone Asset Management LLC's holdings in Alibaba Group were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. O Keefe Stevens Advisory Inc. boosted its stake in shares of Alibaba Group by 4.9% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 80,464 shares of the specialty retailer's stock worth $10,640,000 after buying an additional 3,785 shares during the last quarter. Capital CS Group LLC purchased a new position in Alibaba Group during the first quarter valued at $351,000. NBC Securities Inc. lifted its position in Alibaba Group by 90,642.9% during the first quarter. NBC Securities Inc. now owns 6,352 shares of the specialty retailer's stock valued at $840,000 after purchasing an additional 6,345 shares in the last quarter. Fiduciary Alliance LLC lifted its position in Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock valued at $15,596,000 after purchasing an additional 18,230 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its position in Alibaba Group by 9.0% during the first quarter. Baker Tilly Wealth Management LLC now owns 3,160 shares of the specialty retailer's stock valued at $418,000 after purchasing an additional 261 shares in the last quarter. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of BABA traded up $0.26 during trading hours on Tuesday, hitting $115.01. 13,963,483 shares of the company were exchanged, compared to its average volume of 19,983,871. The company has a market capitalization of $274.38 billion, a PE ratio of 16.62, a PEG ratio of 0.61 and a beta of 0.24. The firm has a fifty day simple moving average of $119.29 and a 200-day simple moving average of $109.24. 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 one year low of $71.80 and a one year high of $148.43.

Alibaba Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird lowered their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Benchmark decreased their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock 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 on the stock in a research report on Tuesday, April 8th. Finally, Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $154.21.

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.