First Heartland Consultants Inc. Sells 201 Shares of Alibaba Group Holding Limited (NYSE:BABA)

First Heartland Consultants Inc. trimmed its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,050 shares of the specialty retailer’s stock after selling 201 shares during the quarter. First Heartland Consultants Inc.’s holdings in Alibaba Group were worth $236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Panagora Asset Management Inc. grew its stake in shares of Alibaba Group by 5.6% in the 4th quarter. Panagora Asset Management Inc. now owns 42,689 shares of the specialty retailer’s stock worth $3,309,000 after buying an additional 2,271 shares during the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of Alibaba Group by 48.2% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 22,614 shares of the specialty retailer’s stock worth $1,673,000 after purchasing an additional 7,359 shares during the last quarter. ARGA Investment Management LP boosted its stake in Alibaba Group by 65.0% in the 4th quarter. ARGA Investment Management LP now owns 2,572,608 shares of the specialty retailer’s stock worth $199,403,000 after purchasing an additional 1,013,545 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd grew its position in Alibaba Group by 10.1% during the 4th quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 37,125 shares of the specialty retailer’s stock valued at $2,878,000 after purchasing an additional 3,405 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Alibaba Group by 810.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 65,685 shares of the specialty retailer’s stock valued at $4,760,000 after purchasing an additional 58,467 shares in the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Bank of America lifted their price objective on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho lowered their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group decreased their price objective 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.96.

Alibaba Group Trading Up 2.1 %

NYSE BABA traded up $1.84 during trading on Friday, hitting $88.54. The stock had a trading volume of 35,152,879 shares, compared to its average volume of 18,925,086. The stock has a market capitalization of $224.67 billion, a price-to-earnings ratio of 20.64 and a beta of 0.44. The stock has a 50 day simple moving average of $75.03 and a 200 day simple moving average of $75.21. Alibaba Group Holding Limited has a one year low of $66.63 and a one year high of $102.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 1.79.

Alibaba Group Dividend Announcement

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

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.