Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 36.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,170 shares of the specialty retailer's stock after selling 15,830 shares during the period. Segall Bryant & Hamill LLC's holdings in Alibaba Group were worth $3,593,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BABA. WCM Investment Management LLC acquired a new stake in shares of Alibaba Group in the first quarter worth $4,074,000. KMG Fiduciary Partners LLC acquired a new stake in shares of Alibaba Group in the first quarter worth $1,948,000. Avaii Wealth Management LLC acquired a new stake in shares of Alibaba Group in the first quarter worth $563,000. Fiduciary Alliance LLC increased its position in shares of Alibaba Group by 18.3% in the first quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after acquiring an additional 18,230 shares in the last quarter. Finally, Summa Corp. increased its position in shares of Alibaba Group by 28.7% in the first quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock worth $9,477,000 after acquiring an additional 16,000 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of NYSE BABA traded up $2.92 during midday trading on Friday, hitting $120.22. The company's stock had a trading volume of 26,729,940 shares, compared to its average volume of 20,216,618. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43. The firm's fifty day moving average price is $116.76 and its 200-day moving average price is $115.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $286.85 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.77 and a beta of 0.21.

Alibaba Group Cuts Dividend

The firm also recently declared a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BABA shares. Benchmark dropped their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Bank of America dropped their price objective on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Citigroup lowered their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research note on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $150.80.

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.