QV Investors Inc. Sells 5,700 Shares of Alibaba Group Holding Limited (NYSE:BABA)

QV Investors Inc. lessened its position in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,117 shares of the specialty retailer's stock after selling 5,700 shares during the period. QV Investors Inc.'s holdings in Alibaba Group were worth $10,594,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Marcum Wealth LLC grew its holdings in Alibaba Group by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after acquiring an additional 86 shares during the period. Rings Capital Management LLC lifted its position in Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after buying an additional 100 shares in the last quarter. Lindbrook Capital LLC boosted its position in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after purchasing an additional 101 shares during the last quarter. Global Endowment Management LP lifted its holdings in shares of Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after buying an additional 106 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. grew its position in Alibaba Group by 3.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock worth $266,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of BABA traded up $0.26 during trading hours on Tuesday, hitting $115.01. The stock had a trading volume of 13,963,483 shares, compared to its average volume of 19,960,990. The stock has a market capitalization of $274.38 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The company's fifty day moving average is $119.29 and its two-hundred day moving average is $109.24. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43.

Alibaba Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

BABA has been the subject of several recent analyst reports. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research note on Wednesday, May 14th. Citigroup lowered their price target on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and an average price target of $154.21.

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.