Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its holdings in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,381 shares of the specialty retailer’s stock after selling 13,384 shares during the period. Rathbones Group PLC’s holdings in Alibaba Group were worth $7,548,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BABA. FinTrust Capital Advisors LLC raised its position in Alibaba Group by 2.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 13,177 shares of the specialty retailer’s stock worth $1,021,000 after buying an additional 323 shares during the last quarter. Banco BTG Pactual S.A. purchased a new position in Alibaba Group during the 4th quarter worth $10,293,000. Adero Partners LLC raised its position in Alibaba Group by 94.6% during the 4th quarter. Adero Partners LLC now owns 42,272 shares of the specialty retailer’s stock worth $3,277,000 after buying an additional 20,553 shares during the last quarter. Tradition Wealth Management LLC raised its position in Alibaba Group by 44.6% during the 4th quarter. Tradition Wealth Management LLC now owns 1,262 shares of the specialty retailer’s stock worth $98,000 after buying an additional 389 shares during the last quarter. Finally, Kopernik Global Investors LLC purchased a new position in Alibaba Group during the 4th quarter worth $27,191,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Wall Street Analyst Weigh In

BABA has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Mizuho cut their price target on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Finally, Susquehanna cut their price target on shares of Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $109.96.

View Our Latest Stock Analysis on BABA

Alibaba Group Trading Down 1.6 %

Shares of Alibaba Group stock traded down $1.29 during mid-day trading on Friday, hitting $78.34. 20,023,892 shares of the stock were exchanged, compared to its average volume of 21,018,452. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The stock has a market capitalization of $198.79 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.49 and a beta of 0.44. The company has a 50-day simple moving average of $76.56 and a 200 day simple moving average of $75.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group Dividend Announcement

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

Alibaba Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Alibaba Group (NYSE:BABA)

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