Alibaba Group Holding Limited (NYSE:BABA) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 30.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 330,828 shares of the specialty retailer's stock after buying an additional 76,616 shares during the quarter. Vontobel Holding Ltd.'s holdings in Alibaba Group were worth $43,745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Brighton Jones LLC lifted its holdings in Alibaba Group by 40.4% in the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after acquiring an additional 981 shares during the period. Rhumbline Advisers raised its position in shares of Alibaba Group by 0.7% in the fourth quarter. Rhumbline Advisers now owns 22,246 shares of the specialty retailer's stock worth $1,886,000 after acquiring an additional 154 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Alibaba Group by 96.0% during the 4th quarter. Bank of New York Mellon Corp now owns 172,748 shares of the specialty retailer's stock worth $14,647,000 after acquiring an additional 84,604 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at about $1,487,000. Finally, US Bancorp DE grew its holdings in Alibaba Group by 47.2% in the fourth quarter. US Bancorp DE now owns 46,018 shares of the specialty retailer's stock valued at $3,902,000 after purchasing an additional 14,752 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BABA has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Finally, Benchmark dropped their price target on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Trading Down 2.8%

Alibaba Group stock traded down $3.18 during trading on Wednesday, hitting $110.79. The company had a trading volume of 13,791,609 shares, compared to its average volume of 19,971,995. Alibaba Group Holding Limited has a 1-year low of $72.95 and a 1-year high of $148.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The company's 50 day simple moving average is $119.79 and its 200-day simple moving average is $113.34. The stock has a market cap of $264.37 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 0.49 and a beta of 0.22.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio is currently 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.