National Bank of Canada FI Has $16.81 Million Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

National Bank of Canada FI lowered its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 90.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 127,180 shares of the specialty retailer's stock after selling 1,228,610 shares during the period. National Bank of Canada FI's holdings in Alibaba Group were worth $16,814,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BABA. WCM Investment Management LLC bought a new position in shares of Alibaba Group during the first quarter worth approximately $4,074,000. KMG Fiduciary Partners LLC acquired a new position in Alibaba Group in the 1st quarter valued at $1,948,000. Avaii Wealth Management LLC bought a new position in Alibaba Group during the 1st quarter worth $563,000. Fiduciary Alliance LLC lifted its holdings in shares of Alibaba Group by 18.3% during the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after buying an additional 18,230 shares in the last quarter. Finally, Summa Corp. lifted its holdings in shares of Alibaba Group by 28.7% during the first quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock worth $9,477,000 after buying an additional 16,000 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on BABA. Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research report on Tuesday, June 24th. Robert W. Baird lowered their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Mizuho cut their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Benchmark restated a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $153.29.

Alibaba Group Stock Performance

NYSE:BABA opened at $118.67 on Tuesday. Alibaba Group Holding Limited has a twelve month low of $77.74 and a twelve month high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock's 50-day simple moving average is $115.85 and its 200 day simple moving average is $119.84. The firm has a market capitalization of $283.01 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.77 and a beta of 0.17.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 12th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 80.0%. Alibaba Group's payout ratio is 12.75%.

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.

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