Alibaba Group Holding Limited (NYSE:BABA) Shares Sold by Pariax LLC

Pariax LLC cut its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA) by 13.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,312 shares of the specialty retailer’s stock after selling 5,366 shares during the quarter. Alibaba Group makes up approximately 6.0% of Pariax LLC’s portfolio, making the stock its 9th biggest holding. Pariax LLC’s holdings in Alibaba Group were worth $2,660,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Primecap Management Co. CA lifted its position in shares of Alibaba Group by 5.1% during the fourth quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock worth $1,412,618,000 after purchasing an additional 881,710 shares during the last quarter. Sanders Capital LLC raised its stake in Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after buying an additional 819,019 shares in the last quarter. Morgan Stanley lifted its holdings in Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after buying an additional 1,406,491 shares during the last quarter. H&H International Investment LLC grew its position in shares of Alibaba Group by 63.1% in the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after acquiring an additional 1,918,730 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $329,367,000. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Price Performance

Shares of NYSE:BABA traded down $2.38 during trading on Thursday, reaching $75.66. The company had a trading volume of 14,011,671 shares, compared to its average volume of 18,239,260. Alibaba Group Holding Limited has a twelve month low of $66.63 and a twelve month high of $102.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $191.99 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 0.49 and a beta of 0.38. The firm’s fifty day moving average is $77.68 and its 200 day moving average is $74.97.

Alibaba Group (NYSE:BABA) last released its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The firm had revenue of $30.73 billion during the quarter, compared to the consensus estimate of $30.59 billion. On average, equities analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Announces Dividend

The company also recently announced a None dividend, which will be paid on Friday, July 12th. Investors 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 is Thursday, June 13th. Alibaba Group’s payout ratio is currently 22.84%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BABA shares. Loop Capital raised their price objective on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. reduced their price target on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Bank of America boosted their price objective on shares of Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Barclays cut their target price on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Finally, Mizuho dropped their price target on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group 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.