May Hill Capital LLC Takes $978,000 Position in 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) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,395 shares of the specialty retailer's stock, valued at approximately $978,000.

Several other institutional investors have also bought and sold shares of BABA. Inlight Wealth Management LLC purchased a new position in shares of Alibaba Group during the 1st quarter valued at $31,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alibaba Group during the 1st quarter valued at $31,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Alibaba Group during the 1st quarter valued at $35,000. Valley National Advisers Inc. lifted its position in shares of Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after buying an additional 161 shares during the last quarter. Finally, ORG Partners LLC lifted its position in shares of Alibaba Group by 950.0% during the 1st quarter. ORG Partners LLC now owns 315 shares of the specialty retailer's stock valued at $42,000 after buying an additional 285 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Benchmark dropped their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a report on Friday, May 16th. Mizuho dropped their price objective on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Robert W. Baird dropped their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Citigroup dropped their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $154.13.

Alibaba Group Stock Up 1.6%

Shares of NYSE BABA traded up $1.70 during trading on Tuesday, reaching $107.97. The company had a trading volume of 11,267,680 shares, compared to its average volume of 19,947,915. Alibaba Group Holding Limited has a 12-month low of $72.95 and a 12-month high of $148.43. The stock has a market cap of $257.64 billion, a PE ratio of 14.49, a P/E/G ratio of 0.47 and a beta of 0.22. The business's 50-day moving average is $118.95 and its 200 day moving average is $114.20. The company has a quick ratio of 1.55, a current ratio of 1.55 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 paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio is currently 13.83%.

Alibaba Group Company 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.