Private Wealth Partners LLC Reduces Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Private Wealth Partners LLC lowered its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 36.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,555 shares of the specialty retailer's stock after selling 19,901 shares during the period. Private Wealth Partners LLC's holdings in Alibaba Group were worth $4,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at about $31,000. ORG Partners LLC raised its position in Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 285 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares during the period. Redwood Park Advisors LLC acquired a new position in Alibaba Group in the fourth quarter valued at approximately $52,000. Finally, Vision Financial Markets LLC purchased a new stake in Alibaba Group in the 4th quarter worth approximately $55,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Stock Down 1.4%

NYSE BABA opened at $113.38 on Friday. The business has a fifty day moving average price of $119.24 and a 200 day moving average price of $111.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55. The company has a market cap of $270.44 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.47 and a beta of 0.22. 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 issued a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's payout ratio is 13.83%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Benchmark cut their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Wall Street Zen raised shares of Alibaba Group from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Loop Capital set a $176.00 target price on Alibaba Group in a research report on Friday, May 16th. Fifteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $154.21.

Alibaba Group 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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