Steward Partners Investment Advisory LLC Sells 33,293 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Steward Partners Investment Advisory LLC lessened its stake in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 68.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,212 shares of the specialty retailer’s stock after selling 33,293 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Alibaba Group were worth $1,179,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BABA. Baystate Wealth Management LLC raised its position in shares of Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 216 shares during the last quarter. EdgeRock Capital LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at $26,000. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $30,000. Anchor Investment Management LLC bought a new stake in shares of Alibaba Group during the 4th quarter valued at $31,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Alibaba Group during the 4th quarter valued at $32,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Trading Down 0.6 %

Alibaba Group stock opened at $77.88 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a 50-day moving average of $76.69 and a 200-day moving average of $74.92. The company has a market cap of $197.62 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 0.48 and a beta of 0.38. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50.

Alibaba Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Mizuho decreased 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 reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Finally, The Goldman Sachs Group decreased their price target on shares of Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.96.

Check Out Our Latest Analysis on BABA

About Alibaba Group

(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.

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

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