Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,218 shares of the specialty retailer's stock after selling 2,389 shares during the period. OneDigital Investment Advisors LLC's holdings in Alibaba Group were worth $2,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Marcum Wealth LLC raised its position in Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after buying an additional 86 shares during the last quarter. Institute for Wealth Management LLC. raised its stake in shares of Alibaba Group by 1.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock worth $1,134,000 after buying an additional 93 shares in the last quarter. Rings Capital Management LLC lifted its holdings in shares of Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after buying an additional 100 shares during the period. Lindbrook Capital LLC grew its holdings in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after acquiring an additional 101 shares during the period. Finally, Global Endowment Management LP raised its position in Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after acquiring an additional 106 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Trading Down 2.2%

Shares of NYSE:BABA traded down $2.37 during midday trading on Monday, reaching $106.33. The company's stock had a trading volume of 17,375,569 shares, compared to its average volume of 19,982,605. The firm has a market cap of $253.73 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. The business has a 50 day moving average price of $119.19 and a 200 day moving average price of $114.03. Alibaba Group Holding Limited has a 1 year low of $72.95 and a 1 year 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.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Shareholders 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 presently 13.83%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BABA shares. Citigroup lowered their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird dropped their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Benchmark decreased their target price on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Mizuho lowered their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $154.13.

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.