10,079 Shares in Alibaba Group Holding Limited (NYSE:BABA) Bought by LM Advisors LLC

LM Advisors LLC acquired a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,079 shares of the specialty retailer's stock, valued at approximately $855,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BABA. Sierra Ocean LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at $32,000. Strategic Investment Solutions Inc. IL boosted its stake 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 worth $46,000 after acquiring an additional 200 shares in the last quarter. Redwood Park Advisors LLC bought a new stake in Alibaba Group during the 4th quarter valued at approximately $52,000. Vision Financial Markets LLC bought a new stake in Alibaba Group during the 4th quarter valued at approximately $55,000. Finally, Brown Shipley& Co Ltd boosted its stake in Alibaba Group by 279.1% during the 4th quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock valued at $55,000 after purchasing an additional 480 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased 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. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Mizuho lowered their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Finally, Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. One 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, the company presently has an average rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Trading Down 1.0%

Shares of NYSE:BABA traded down $1.17 on Tuesday, reaching $119.56. 8,515,575 shares of the company traded hands, compared to its average volume of 20,037,132. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $285.24 billion, a P/E ratio of 17.28, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a 52 week low of $71.80 and a 52 week high of $148.43. The business's 50-day simple moving average is $121.08 and its 200 day simple moving average is $108.37.

Alibaba Group Cuts Dividend

The company 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. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is 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.