Fisher Asset Management LLC Sells 99,876 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Fisher Asset Management LLC decreased its stake in shares of Alibaba Group Holding Limited (NYSE:BABA) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,753,757 shares of the specialty retailer’s stock after selling 99,876 shares during the period. Fisher Asset Management LLC owned 0.15% of Alibaba Group worth $290,954,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BABA. Baystate Wealth Management LLC grew its position in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in Alibaba Group in the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in Alibaba Group in the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Alibaba Group during the fourth quarter worth approximately $32,000. Finally, Headinvest LLC bought a new stake in shares of Alibaba Group in the third quarter valued at approximately $35,000. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup cut their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a research note on Tuesday, April 9th. Bank of America boosted their price target on Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Barclays reduced their price objective 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. Finally, Mizuho lowered their price objective 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 analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group Stock Down 3.1 %

Shares of NYSE:BABA traded down $2.33 during mid-day trading on Friday, reaching $73.35. 18,282,714 shares of the stock were exchanged, compared to its average volume of 16,496,115. The company has a market cap of $186.13 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.45 and a beta of 0.38. The stock’s 50 day simple moving average is $77.71 and its 200-day simple moving average is $74.93. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The company had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. As a group, equities research analysts predict that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Dividend Announcement

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

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.