Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd lessened its position in Alibaba Group Holding Limited (NYSE:BABA) by 81.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,622 shares of the specialty retailer’s stock after selling 186,191 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Alibaba Group were worth $5,769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BABA. Greenleaf Trust lifted its stake in shares of Alibaba Group by 1.0% in the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer’s stock worth $1,102,000 after buying an additional 85 shares during the last quarter. Marcum Wealth LLC grew its position in Alibaba Group by 3.2% in the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer’s stock worth $363,000 after purchasing an additional 86 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer’s stock valued at $2,225,000 after buying an additional 89 shares in the last quarter. Institute for Wealth Management LLC. raised its stake in shares of Alibaba Group by 1.1% in the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer’s stock valued at $1,134,000 after buying an additional 93 shares in the last quarter. Finally, Rings Capital Management LLC raised its stake in shares of Alibaba Group by 1.4% in the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after buying an additional 100 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BABA. Citigroup lowered their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Wall Street Zen lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Arete lowered shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 price target on the stock. in a research report on Tuesday, June 24th. Finally, Bank of America decreased their price target on shares of Alibaba Group from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and an average price target of $150.80.

Alibaba Group Stock Performance

NYSE:BABA traded down $0.96 during mid-day trading on Thursday, reaching $121.62. The stock had a trading volume of 4,518,887 shares, compared to its average volume of 22,462,307. The firm has a market capitalization of $290.20 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.78 and a beta of 0.21. Alibaba Group Holding Limited has a twelve month low of $73.87 and a twelve month high of $148.43. The business has a 50 day simple moving average of $116.07 and a 200 day simple moving average of $116.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55.

Alibaba Group Cuts Dividend

The company also recently declared a — dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were issued a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group’s dividend payout ratio (DPR) is 12.75%.

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.