LM Advisors LLC Takes $1.01 Million Position in Alibaba Group Holding Limited (NYSE:BABA)

LM Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 13,084 shares of the specialty retailer’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BABA. Point72 Asset Management L.P. increased its stake in Alibaba Group by 30.5% during the fourth quarter. Point72 Asset Management L.P. now owns 1,148,075 shares of the specialty retailer’s stock worth $88,987,000 after purchasing an additional 268,512 shares during the period. Barometer Capital Management Inc. purchased a new stake in Alibaba Group during the fourth quarter worth about $116,000. Greystone Financial Group LLC increased its stake in Alibaba Group by 21.4% during the fourth quarter. Greystone Financial Group LLC now owns 2,941 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 519 shares during the period. Invenomic Capital Management LP purchased a new stake in Alibaba Group during the fourth quarter worth about $7,770,000. Finally, Strategic Global Advisors LLC increased its stake in Alibaba Group by 109.2% during the fourth quarter. Strategic Global Advisors LLC now owns 8,424 shares of the specialty retailer’s stock worth $653,000 after purchasing an additional 4,398 shares during the period. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Bank of America boosted their price target on shares of Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Citigroup cut their price target on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Truist Financial cut their target price on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Stock Performance

Shares of Alibaba Group stock traded down $1.40 during trading hours on Tuesday, hitting $77.90. 11,078,643 shares of the company were exchanged, compared to its average volume of 18,331,881. Alibaba Group Holding Limited has a 1 year low of $66.63 and a 1 year high of $102.50. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $77.49 and a 200-day moving average of $74.94. The stock has a market capitalization of $197.67 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 0.48 and a beta of 0.38.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The business had revenue of $30.73 billion during the quarter, compared to analysts’ expectations of $30.59 billion. As a group, analysts expect that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be given a $1.66 dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, June 13th. Alibaba Group’s payout ratio is 22.84%.

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.