Strategic Global Advisors LLC Trims Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rings Capital Management LLC lifted its holdings 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 last quarter. Lindbrook Capital LLC increased its position in Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock valued at $240,000 after buying an additional 101 shares in the last quarter. Global Endowment Management LP raised its stake in Alibaba Group by 1.4% during the fourth 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. Pinnacle Wealth Planning Services Inc. grew its stake in shares of 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 during the last quarter. Finally, TBH Global Asset Management LLC increased its holdings in shares of Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock valued at $407,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

BABA stock traded down $1.67 during trading on Wednesday, reaching $123.49. The stock had a trading volume of 8,485,652 shares, compared to its average volume of 20,283,181. The firm has a market cap of $294.89 billion, a PE ratio of 17.85, a PEG ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock's 50 day moving average is $122.84 and its two-hundred day moving average is $107.63. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43.

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

Alibaba Group Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid 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 dividend payout ratio is presently 13.15%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird cut 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 report on Friday, May 16th. Barclays boosted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and increased their target price for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Alibaba Group currently has an average rating of "Buy" and an average target price of $154.21.

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.