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

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

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Rings Capital Management LLC increased its stake in Alibaba Group by 1.4% during the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock worth $602,000 after purchasing an additional 100 shares during the period. Lindbrook Capital LLC increased its stake in Alibaba Group by 3.7% during the 4th quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer's stock worth $240,000 after buying an additional 101 shares during the period. Global Endowment Management LP increased its stake in Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock worth $642,000 after buying an additional 106 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in Alibaba Group by 3.6% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer's stock worth $266,000 after buying an additional 108 shares during the period. Finally, TBH Global Asset Management LLC increased its stake in Alibaba Group by 2.4% during the 4th quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer's stock worth $407,000 after buying an additional 112 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Alibaba Group Stock Performance

Shares of NYSE:BABA traded up $0.51 on Thursday, reaching $117.25. 7,566,412 shares of the company's stock were exchanged, compared to its average volume of 19,975,530. The firm has a market capitalization of $279.72 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The business's 50-day moving average is $120.36 and its two-hundred day moving average is $108.50. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group's payout ratio is 13.83%.

Analyst Ratings Changes

A number of research analysts have commented on BABA shares. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research note on Friday, May 16th. Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $104.00 to $165.00 in a research report on Tuesday, February 25th. Citigroup dropped their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Benchmark dropped their price target on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $154.21.

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.