Alibaba Group Holding Limited (NYSE:BABA) Stock Position Lessened by Think Investments LP

Think Investments LP reduced its stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 242,548 shares of the specialty retailer's stock after selling 35,852 shares during the quarter. Alibaba Group accounts for 4.5% of Think Investments LP's holdings, making the stock its 8th largest position. Think Investments LP's holdings in Alibaba Group were worth $20,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the 4th quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new position in Alibaba Group during the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL grew its position in shares of Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 200 shares during the period. Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $52,000. Finally, Vision Financial Markets LLC purchased a new stake in shares of Alibaba Group during the fourth quarter worth about $55,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BABA. Robert W. Baird decreased their target price on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research report on Friday. Morgan Stanley set a $180.00 price objective on Alibaba Group in a report on Wednesday, May 14th. Citigroup dropped their target price 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. StockNews.com downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $154.21.

Alibaba Group Trading Up 1.8%

Shares of NYSE BABA traded up $2.19 during mid-day trading on Tuesday, reaching $125.15. 11,688,448 shares of the company's stock were exchanged, compared to its average volume of 20,315,149. The company's 50-day moving average is $123.10 and its 200-day moving average is $107.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $298.85 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 0.61 and a beta of 0.24. 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 announced its earnings results 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The company had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's payout ratio is currently 13.15%.

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.