Mmbg Investment Advisors CO. Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Mmbg Investment Advisors CO. cut its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 18.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,865 shares of the specialty retailer's stock after selling 11,840 shares during the period. Alibaba Group accounts for 0.8% of Mmbg Investment Advisors CO.'s holdings, making the stock its 27th biggest holding. Mmbg Investment Advisors CO.'s holdings in Alibaba Group were worth $7,123,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Appaloosa LP grew its position 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 acquiring an additional 1,843,158 shares during the last quarter. Norges Bank bought a new position in shares of Alibaba Group during the 4th quarter worth $585,479,000. Bank of America Corp DE grew its position in shares of Alibaba Group by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after buying an additional 438,537 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 19.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,610,035 shares of the specialty retailer's stock worth $390,885,000 after acquiring an additional 752,275 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BABA. Wall Street Zen lowered shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Robert W. Baird reduced their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Finally, Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Stock Up 0.2%

BABA opened at $114.11 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48. The business has a 50 day simple moving average of $119.76 and a 200-day simple moving average of $112.99. The stock has a market capitalization of $272.13 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.48 and a beta of 0.22. Alibaba Group Holding Limited has a 12 month low of $71.97 and a 12 month high of $148.43.

Alibaba Group Cuts Dividend

The firm also recently declared 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 is Thursday, June 12th. This represents a dividend yield of 0.8%. 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.

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