Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Strategic Global Advisors LLC

Strategic Global Advisors LLC lowered its stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,296 shares of the specialty retailer's stock after selling 2,100 shares during the quarter. Strategic Global Advisors LLC's holdings in Alibaba Group were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Appaloosa LP lifted its stake in shares of Alibaba Group by 18.4% in the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after acquiring an additional 1,843,158 shares during the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group in the 4th quarter worth about $585,479,000. Bank of America Corp DE increased its holdings in shares of Alibaba Group by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock valued at $566,124,000 after acquiring an additional 438,537 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Alibaba Group by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer's stock worth $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Alibaba Group by 1.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,978,977 shares of the specialty retailer's stock valued at $337,377,000 after purchasing an additional 44,901 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BABA shares. Benchmark decreased 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. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th. Wall Street Zen cut Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, May 16th. Robert W. Baird reduced their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Alibaba Group currently has an average rating of "Buy" and an average price target of $154.21.

Alibaba Group Price Performance

BABA stock traded down $1.13 during trading on Friday, hitting $120.35. The stock had a trading volume of 4,247,769 shares, compared to its average volume of 20,172,512. The stock has a market capitalization of $287.12 billion, a P/E ratio of 17.40, a PEG ratio of 0.61 and a beta of 0.24. The company's 50-day moving average price is $121.97 and its two-hundred day moving average price is $107.90. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group Cuts Dividend

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

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.