Fluent Financial LLC Cuts Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Fluent Financial LLC reduced its position in Alibaba Group Holding Limited (NYSE:BABA) by 13.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,193 shares of the specialty retailer’s stock after selling 1,434 shares during the quarter. Fluent Financial LLC’s holdings in Alibaba Group were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BABA. Sierra Ocean LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $32,000. Strategic Investment Solutions Inc. IL increased its holdings in 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 buying an additional 200 shares during the last quarter. Redwood Park Advisors LLC bought a new stake in Alibaba Group in the fourth quarter valued at about $52,000. Vision Financial Markets LLC bought a new stake in Alibaba Group in the fourth quarter valued at about $55,000. Finally, Brown Shipley& Co Ltd increased its holdings in Alibaba Group by 279.1% in the fourth quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 480 shares during the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Price Performance

Shares of NYSE:BABA opened at $119.53 on Thursday. The stock has a market cap of $285.17 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 12 month low of $71.80 and a 12 month high of $148.43. The stock’s 50 day moving average price is $118.62 and its 200 day moving average price is $109.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

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 paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group’s dividend payout ratio (DPR) is currently 13.83%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Benchmark lowered their price objective on Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a report on Friday, May 16th. Arete Research raised Alibaba Group to a “strong-buy” rating in a report on Friday, February 28th. Robert W. Baird decreased their target price on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Finally, Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. One research 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 stock. According to MarketBeat, Alibaba Group presently has a consensus rating of “Buy” and a consensus price target of $154.21.

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.