Waverton Investment Management Ltd Lowers Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Waverton Investment Management Ltd trimmed its stake in Alibaba Group Holding Limited (NYSE:BABA) by 57.8% in the 1st quarter, HoldingsChannel reports. The fund owned 16,971 shares of the specialty retailer’s stock after selling 23,200 shares during the quarter. Waverton Investment Management Ltd’s holdings in Alibaba Group were worth $2,244,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Alibaba Group in the first quarter worth about $31,000. Inlight Wealth Management LLC purchased a new position in shares of Alibaba Group in the first quarter worth about $31,000. ORG Partners LLC increased its stake in shares of Alibaba Group by 950.0% in the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 285 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its position in shares of Alibaba Group by 59.0% during the 4th 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 period. Finally, Redwood Park Advisors LLC purchased a new position in Alibaba Group in the fourth quarter worth approximately $52,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Trading Down 0.5%

Shares of BABA stock opened at $113.99 on Friday. The firm has a market capitalization of $271.84 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.48 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43. The stock has a fifty day moving average of $119.66 and a two-hundred day moving average of $112.65.

Alibaba Group Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group’s dividend payout ratio is presently 13.83%.

Analyst Ratings Changes

BABA has been the subject of a number of research analyst reports. Wall Street Zen upgraded Alibaba Group from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Morgan Stanley set a $180.00 price target on Alibaba Group in a report on Wednesday, May 14th. Citigroup reduced their target price on Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Benchmark decreased their target price on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, May 16th. Finally, Arete cut shares of Alibaba Group from a “buy” rating to a “neutral” rating and set a $153.00 target price for the company. in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.13.

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.