Tabor Asset Management LP Purchases New Stake in Alibaba Group Holding Limited (NYSE:BABA)

Tabor Asset Management LP purchased a new stake in Alibaba Group Holding Limited (NYSE:BABA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,975 shares of the specialty retailer's stock, valued at approximately $393,000.

Other large investors have also bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in Alibaba Group during the 1st quarter valued at $31,000. Inlight Wealth Management LLC bought a new position in Alibaba Group during the 1st quarter valued at $31,000. Valley National Advisers Inc. raised its stake 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 worth $35,000 after purchasing an additional 161 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in shares of Alibaba Group during the 1st quarter worth $35,000. Finally, ORG Partners LLC raised its stake 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 worth $42,000 after purchasing an additional 285 shares during the period. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Stock Performance

BABA stock traded up $4.29 during trading on Friday, reaching $121.59. The stock had a trading volume of 12,491,257 shares, compared to its average volume of 20,077,893. Alibaba Group Holding Limited has a 52 week low of $73.87 and a 52 week high of $148.43. The stock's 50 day moving average is $116.86 and its two-hundred day moving average is $115.19. 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 firm has a market cap of $290.13 billion, a PE ratio of 16.25, a PEG ratio of 1.70 and a beta of 0.21.

Alibaba Group Cuts Dividend

The company also recently announced a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio is 12.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Bank of America lowered their price objective on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Citigroup lowered their price objective on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price for the company. in a report on Tuesday, June 24th. Finally, Barclays lowered their price objective on Alibaba Group from $180.00 to $145.00 and set an "overweight" rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.80.

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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