May Hill Capital LLC Purchases Shares of 7,395 Alibaba Group Holding Limited (NYSE:BABA)

May Hill Capital LLC purchased a new position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,395 shares of the specialty retailer's stock, valued at approximately $978,000.

A number of other hedge funds also recently made changes to their positions in the stock. Bruce G. Allen Investments LLC purchased a new position in Alibaba Group in the first quarter valued at approximately $31,000. Inlight Wealth Management LLC purchased a new position in shares of Alibaba Group in the 1st quarter valued at $31,000. Valley National Advisers Inc. grew its position in shares of Alibaba Group by 151.9% during the first quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after buying an additional 161 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Alibaba Group in the first quarter worth $35,000. Finally, ORG Partners LLC raised its holdings in Alibaba Group by 950.0% in the first quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 285 shares in the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Price Performance

Shares of NYSE BABA traded up $0.08 during mid-day trading on Friday, reaching $106.72. 10,755,903 shares of the company traded hands, compared to its average volume of 19,997,623. Alibaba Group Holding Limited has a fifty-two week low of $73.87 and a fifty-two week high of $148.43. The firm has a market cap of $254.66 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.46 and a beta of 0.21. The stock has a fifty day simple moving average of $117.76 and a 200-day simple moving average of $114.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were given a dividend of $0.95 per share. This represents a dividend yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.

Analysts Set New Price Targets

Several research analysts have weighed in on BABA shares. Benchmark decreased their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a report 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 report on Friday, May 16th. Finally, Wall Street Zen cut shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and a consensus price target of $153.13.

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.