Sepio Capital LP Decreases Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

Sepio Capital LP lessened its position in Alibaba Group Holding Limited (NYSE:BABAFree Report) by 43.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,312 shares of the specialty retailer’s stock after selling 6,266 shares during the quarter. Sepio Capital LP’s holdings in Alibaba Group were worth $644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley increased its holdings in shares of Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock valued at $1,007,058,000 after purchasing an additional 1,406,491 shares during the last quarter. Sanders Capital LLC increased its stake in Alibaba Group by 322.7% during the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock worth $1,303,636,000 after acquiring an additional 11,473,618 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Alibaba Group by 2.2% during the fourth quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock worth $76,951,000 after acquiring an additional 21,228 shares during the last quarter. Cerity Partners LLC increased its stake in Alibaba Group by 299.9% during the fourth quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after acquiring an additional 62,163 shares during the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd increased its stake in Alibaba Group by 19.7% during the third quarter. Taikang Asset Management Hong Kong Co Ltd now owns 730,000 shares of the specialty retailer’s stock worth $63,320,000 after acquiring an additional 120,000 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Barclays lowered their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Susquehanna lowered their price target on Alibaba Group from $150.00 to $135.00 and set a “positive” rating for the company in a research report on Thursday, February 8th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price target on shares of Alibaba Group in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. lowered their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $109.96.

Read Our Latest Stock Report on Alibaba Group

Alibaba Group Stock Up 0.6 %

NYSE BABA traded up $0.46 during trading on Friday, reaching $81.26. 41,456,371 shares of the company’s stock were exchanged, compared to its average volume of 20,944,372. The stock has a market cap of $206.20 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.49 and a beta of 0.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 1.79. The company has a 50 day moving average price of $75.93 and a two-hundred day moving average price of $75.14. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50.

Alibaba Group Announces Dividend

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

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.

Read More

Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited (NYSE:BABAFree Report).

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

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.