Schechter Investment Advisors LLC Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Schechter Investment Advisors LLC trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 28.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,886 shares of the specialty retailer's stock after selling 6,771 shares during the period. Schechter Investment Advisors LLC's holdings in Alibaba Group were worth $2,233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BABA. WCM Investment Management LLC purchased a new position in shares of Alibaba Group in the first quarter valued at $4,074,000. KMG Fiduciary Partners LLC purchased a new position in shares of Alibaba Group in the 1st quarter worth $1,948,000. Avaii Wealth Management LLC purchased a new position in shares of Alibaba Group in the 1st quarter worth $563,000. Fiduciary Alliance LLC increased its holdings in shares of Alibaba Group by 18.3% in the 1st 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 during the last quarter. Finally, Summa Corp. raised its position in shares of Alibaba Group by 28.7% during the 1st quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock valued at $9,477,000 after buying an additional 16,000 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on BABA shares. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research note on Wednesday, May 14th. Bank of America cut their target price on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday. Benchmark lowered their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Finally, Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $153.13.

Alibaba Group Trading Up 0.1%

Shares of BABA traded up $0.08 during trading hours on Friday, reaching $106.72. 10,755,903 shares of the company traded hands, compared to its average volume of 20,017,973. The stock's fifty day moving average price is $117.76 and its 200 day moving average price is $114.58. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a market cap of $254.66 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.46 and a beta of 0.21. 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 business also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 12.75%.

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.