Crake Asset Management LLP Trims Stock Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Crake Asset Management LLP lessened its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 83.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,526 shares of the specialty retailer's stock after selling 204,000 shares during the quarter. Alibaba Group accounts for 0.3% of Crake Asset Management LLP's portfolio, making the stock its 17th largest position. Crake Asset Management LLP's holdings in Alibaba Group were worth $3,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BABA. Baystate Wealth Management LLC increased its holdings in Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer's stock worth $26,000 after buying an additional 216 shares during the period. EdgeRock Capital LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth $26,000. First Command Advisory Services Inc. acquired a new position in Alibaba Group during the third quarter valued at $30,000. Milestone Investment Advisors LLC purchased a new stake in Alibaba Group in the third quarter valued at $31,000. Finally, Anchor Investment Management LLC acquired a new stake in Alibaba Group during the 4th quarter worth about $31,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on BABA shares. The Goldman Sachs Group lowered their target price on Alibaba Group from $121.00 to $105.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. cut their target price on shares of Alibaba Group from $105.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, April 9th. Truist Financial decreased their target price on shares of Alibaba Group from $113.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday. Mizuho dropped their price target on shares of Alibaba Group from $95.00 to $92.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $109.96.

Alibaba Group Price Performance

NYSE BABA traded up $1.84 during mid-day trading on Friday, hitting $88.54. The stock had a trading volume of 35,152,879 shares, compared to its average volume of 18,925,086. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.80. The firm's 50 day moving average is $75.03 and its 200 day moving average is $75.11. The stock has a market capitalization of $224.67 billion, a price-to-earnings ratio of 20.64 and a beta of 0.44.

Alibaba Group Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 13th will be given a dividend of $1.66 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 3%. Alibaba Group's payout ratio is presently 22.84%.

About Alibaba Group

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.

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