SBI Securities Co. Ltd. decreased its holdings in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 26.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 31,819 shares of the specialty retailer's stock after selling 11,301 shares during the period. SBI Securities Co. Ltd.'s holdings in Alibaba Group were worth $4,207,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Greenleaf Trust raised its holdings in Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after buying an additional 85 shares during the period. Marcum Wealth LLC raised its holdings in Alibaba Group by 3.2% in the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after buying an additional 86 shares during the period. Principal Securities Inc. raised its holdings in Alibaba Group by 0.5% in the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock valued at $2,225,000 after buying an additional 89 shares during the period. Institute for Wealth Management LLC. raised its stake in shares of Alibaba Group by 1.1% during the first quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after purchasing an additional 93 shares during the period. Finally, Rings Capital Management LLC raised its stake in shares of Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 13.47% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on BABA. Mizuho dropped their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Citigroup dropped their price objective 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. Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Finally, Robert W. Baird dropped their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.13.
Check Out Our Latest Stock Analysis on Alibaba Group
Alibaba Group Stock Performance
Alibaba Group stock opened at $106.72 on Monday. The company has a market cap of $254.64 billion, a PE ratio of 14.32, a P/E/G ratio of 0.49 and a beta of 0.22. The company has a fifty day moving average price of $117.76 and a two-hundred day moving average price of $114.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. Alibaba Group Holding Limited has a 12 month low of $73.87 and a 12 month high of $148.43.
Alibaba Group Cuts Dividend
The firm also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio is presently 12.75%.
About Alibaba Group
(
Free Report)
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.
Further Reading
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