Fort Washington Investment Advisors Inc. OH Sells 51,118 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Fort Washington Investment Advisors Inc. OH reduced its stake in Alibaba Group Holding Limited (NYSE:BABA) by 14.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 312,201 shares of the specialty retailer’s stock after selling 51,118 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Alibaba Group were worth $41,282,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BABA. Bruce G. Allen Investments LLC bought a new position in shares of Alibaba Group during the 1st quarter worth $31,000. Sierra Ocean LLC purchased a new stake in Alibaba Group in the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL raised its position in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares in the last quarter. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group in the 4th quarter worth about $52,000. Finally, Vision Financial Markets LLC purchased a new stake in Alibaba Group in the fourth quarter worth approximately $55,000. 13.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on BABA shares. Citigroup decreased their target price on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barclays increased their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Alibaba Group currently has a consensus rating of “Buy” and an average price target of $154.21.

Alibaba Group Trading Down 1.3%

Shares of BABA stock opened at $120.30 on Thursday. The firm has a market capitalization of $287.04 billion, a P/E ratio of 17.38, a PEG ratio of 0.61 and a beta of 0.22. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The stock’s fifty day moving average is $117.87 and its two-hundred day moving average is $110.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s payout ratio is currently 13.83%.

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.