Templeton & Phillips Capital Management LLC Reduces Position in Alibaba Group Holding Limited (NYSE:BABA)

Templeton & Phillips Capital Management LLC cut its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 52.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,975 shares of the specialty retailer's stock after selling 2,200 shares during the period. Templeton & Phillips Capital Management LLC's holdings in Alibaba Group were worth $261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its holdings in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 196 shares during the period. Bruce G. Allen Investments LLC bought a new stake in Alibaba Group during the first quarter valued at about $31,000. Inlight Wealth Management LLC bought a new stake in Alibaba Group during the first quarter valued at about $31,000. Valley National Advisers Inc. raised its holdings in Alibaba Group by 151.9% during the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 161 shares during the period. Finally, LFA Lugano Financial Advisors SA bought a new stake in Alibaba Group during the first quarter valued at about $35,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Mizuho reduced their target price on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a report on Tuesday, June 24th. Robert W. Baird reduced their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Citigroup reduced their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a report on Monday, July 21st. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.80.

Alibaba Group Trading Down 0.9%

NYSE BABA traded down $1.11 during trading hours on Friday, hitting $120.05. 7,032,735 shares of the company were exchanged, compared to its average volume of 14,650,496. The stock has a 50-day moving average price of $115.96 and a 200 day moving average price of $116.90. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The stock has a market cap of $286.43 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.21.

Alibaba Group Cuts Dividend

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