Fort Washington Investment Advisors Inc. OH Reduces Stake in Alibaba Group Holding Limited (NYSE:BABA)

Fort Washington Investment Advisors Inc. OH lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 14.1% in the first quarter, HoldingsChannel.com reports. The fund owned 312,201 shares of the specialty retailer’s stock after selling 51,118 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Alibaba Group were worth $41,282,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BABA. Bruce G. Allen Investments LLC acquired a new stake in Alibaba Group during the first quarter worth approximately $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group during the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL increased its position in Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 200 shares in the last quarter. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at $52,000. Finally, Vision Financial Markets LLC purchased a new position in Alibaba Group in the fourth quarter valued at about $55,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Down 1.3%

BABA stock opened at $120.30 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a market cap of $287.04 billion, a P/E ratio of 17.38, a PEG ratio of 0.61 and a beta of 0.22. The business has a fifty day moving average of $117.87 and a 200-day moving average of $110.53.

Alibaba Group Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be issued 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 is currently 13.83%.

Analysts Set New Price Targets

BABA has been the topic of a number of recent analyst reports. Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Robert W. Baird dropped their target price on shares of Alibaba Group from $147.00 to $142.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Morgan Stanley set a $180.00 price target on Alibaba Group in a research report on Wednesday, May 14th. Mizuho cut their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Finally, Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. One research 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. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $154.21.

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.