LM Advisors LLC Invests $855,000 in Alibaba Group Holding Limited (NYSE:BABA)

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

A number of other hedge funds have also added to or reduced their stakes in BABA. Sierra Ocean LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth $32,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after buying an additional 200 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth $52,000. Vision Financial Markets LLC acquired a new stake in shares of Alibaba Group in the fourth quarter worth $55,000. Finally, Brown Shipley& Co Ltd increased its stake in shares of Alibaba Group by 279.1% in the fourth quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer's stock worth $55,000 after acquiring an additional 480 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Price Performance

Shares of NYSE BABA traded down $2.86 during trading on Wednesday, hitting $116.66. The company had a trading volume of 11,496,959 shares, compared to its average volume of 20,003,140. The stock has a fifty day simple moving average of $120.73 and a two-hundred day simple moving average of $108.45. Alibaba Group Holding Limited has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The firm has a market capitalization of $278.32 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. 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 announced a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is 13.83%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BABA. Mizuho cut their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Robert W. Baird cut their price objective on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Bank of America increased their price objective on shares of Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a research report on Friday, May 16th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $154.21.

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.