Bluesphere Advisors LLC Purchases Shares of 5,763 Alibaba Group Holding Limited (NYSE:BABA)

Bluesphere Advisors LLC purchased a new stake in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,763 shares of the specialty retailer's stock, valued at approximately $762,000.

Several other institutional investors have also recently made changes to their positions in BABA. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group during the first quarter worth about $31,000. Inlight Wealth Management LLC bought a new stake in shares of Alibaba Group during the 1st quarter valued at about $31,000. ORG Partners LLC grew its holdings in shares of Alibaba Group by 950.0% during the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock worth $42,000 after purchasing an additional 285 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its position 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 purchasing an additional 200 shares during the last quarter. Finally, Redwood Park Advisors LLC purchased a new stake in Alibaba Group in the fourth quarter valued at approximately $52,000. Institutional investors own 13.47% of the company's stock.

Alibaba Group Price Performance

BABA opened at $113.04 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.48. The stock's 50 day simple moving average is $119.32 and its 200 day simple moving average is $112.46. The firm has a market cap of $269.58 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.46 and a beta of 0.22. Alibaba Group Holding Limited has a 1 year low of $71.80 and a 1 year high of $148.43.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid 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 dividend payout ratio (DPR) is presently 13.83%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Mizuho cut their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Loop Capital set a $176.00 price target on Alibaba Group in a research report on Friday, May 16th. Robert W. Baird cut their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, Benchmark reduced their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus 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.

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