Alibaba Group Holding Limited $BABA Holdings Lowered by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise trimmed its stake in shares of Alibaba Group Holding Limited (NYSE:BABAFree Report) by 46.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,433 shares of the specialty retailer’s stock after selling 8,184 shares during the period. Banque Cantonale Vaudoise’s holdings in Alibaba Group were worth $1,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ARK Investment Management LLC bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $37,565,000. Great Hill Capital LLC bought a new stake in shares of Alibaba Group in the 3rd quarter worth approximately $2,207,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Alibaba Group by 14.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 30,361 shares of the specialty retailer’s stock worth $5,427,000 after purchasing an additional 3,929 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Alibaba Group by 11.9% in the 4th quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock worth $7,950,000 after purchasing an additional 5,760 shares in the last quarter. Finally, Thornburg Investment Management Inc. raised its holdings in shares of Alibaba Group by 14.3% in the 3rd quarter. Thornburg Investment Management Inc. now owns 553,384 shares of the specialty retailer’s stock worth $98,906,000 after purchasing an additional 69,232 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

BABA stock opened at $131.45 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $315.35 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 2.33 and a beta of 0.50. Alibaba Group Holding Limited has a 12 month low of $103.71 and a 12 month high of $192.67. The firm has a 50 day moving average of $131.72 and a two-hundred day moving average of $148.00.

Alibaba Group (NYSE:BABAGet Free Report) last posted its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The company had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. As a group, equities analysts anticipate that Alibaba Group Holding Limited will post 6.67 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a $1.05 dividend. This represents a yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s payout ratio is currently 15.60%.

Analyst Ratings Changes

A number of research firms recently commented on BABA. Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Nomura lifted their target price on shares of Alibaba Group from $200.00 to $207.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Alibaba Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Susquehanna lifted their target price on shares of Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.76.

Read Our Latest Analysis on Alibaba Group

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Alibaba Group Company Profile

(Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co?founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high?profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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

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