Quintet Private Bank Europe S.A. Sells 1,338 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Quintet Private Bank Europe S.A. lowered its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 61,757 shares of the specialty retailer’s stock after selling 1,338 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Alibaba Group were worth $8,166,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in shares of Alibaba Group during the 1st quarter valued at approximately $31,000. Sierra Ocean LLC bought a new position in Alibaba Group in the 4th quarter valued at $32,000. Financial Management Professionals Inc. grew its position in Alibaba Group by 217.6% in the 1st quarter. Financial Management Professionals Inc. now owns 524 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 359 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Finally, Redwood Park Advisors LLC bought a new position in Alibaba Group in the 4th quarter valued at $52,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Performance

NYSE BABA opened at $116.59 on Friday. Alibaba Group Holding Limited has a 1-year low of $71.80 and a 1-year high of $148.43. The company has a market capitalization of $278.18 billion, a P/E ratio of 16.85, a PEG ratio of 0.61 and a beta of 0.22. The business has a 50 day moving average price of $118.08 and a 200 day moving average price of $110.74. 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 business also recently declared a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s payout ratio is 13.83%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BABA. Robert W. Baird dropped their price target on Alibaba Group from $147.00 to $142.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Benchmark decreased their price target on Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, May 16th. Bank of America increased their price target on Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Loop Capital set a $176.00 price target on Alibaba Group in a research note on Friday, May 16th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.