May Hill Capital LLC Takes $978,000 Position in Alibaba Group Holding Limited (NYSE:BABA)

May Hill Capital 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 disclosure with the SEC. The firm purchased 7,395 shares of the specialty retailer's stock, valued at approximately $978,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marcum Wealth LLC lifted its position in shares of Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after acquiring an additional 86 shares during the last quarter. Institute for Wealth Management LLC. lifted its position in shares of Alibaba Group by 1.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after acquiring an additional 93 shares during the last quarter. Rings Capital Management LLC lifted its position in shares of Alibaba Group by 1.4% during the 4th quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer's stock valued at $602,000 after acquiring an additional 100 shares during the last quarter. HM Payson & Co. lifted its position in shares of Alibaba Group by 41.7% during the 1st quarter. HM Payson & Co. now owns 340 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 100 shares during the last quarter. Finally, Global Endowment Management LP lifted its position in shares of Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer's stock valued at $642,000 after acquiring an additional 106 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BABA has been the topic of a number of research analyst reports. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Arete downgraded Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a report on Tuesday, June 24th. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Mizuho lowered their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Wall Street Zen downgraded Alibaba Group from a "buy" rating to a "hold" rating in a 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.13.

Alibaba Group Stock Up 2.7%

Alibaba Group stock traded up $2.78 during mid-day trading on Thursday, hitting $106.61. 12,745,317 shares of the company's stock were exchanged, compared to its average volume of 19,997,725. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market cap of $254.40 billion, a P/E ratio of 14.31, a P/E/G ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a 1-year low of $73.87 and a 1-year high of $148.43. The stock has a 50 day moving average of $118.42 and a two-hundred day moving average of $114.09.

Alibaba Group Cuts Dividend

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