Legacy Advisors LLC Purchases 202 Shares of Alibaba Group Holding Limited (NYSE:BABA)

Legacy Advisors LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,185 shares of the specialty retailer’s stock after acquiring an additional 202 shares during the period. Legacy Advisors LLC’s holdings in Alibaba Group were worth $1,479,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Inlight Wealth Management LLC bought a new position in Alibaba Group in the 1st quarter worth approximately $31,000. Bruce G. Allen Investments LLC bought a new position in Alibaba Group in the 1st quarter worth approximately $31,000. ORG Partners LLC raised its position in Alibaba Group by 950.0% in 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 last quarter. FSC Wealth Advisors LLC bought a new position in Alibaba Group in the 1st quarter worth approximately $61,000. Finally, IAG Wealth Partners LLC raised its position in Alibaba Group by 67.2% in the 1st quarter. IAG Wealth Partners LLC now owns 515 shares of the specialty retailer’s stock worth $68,000 after purchasing an additional 207 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Analyst Ratings Changes

BABA has been the subject of several research analyst reports. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 14th. Mizuho dropped their target price on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Benchmark dropped their target price on shares of Alibaba Group from $190.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, May 16th. Finally, Robert W. Baird dropped their target price on shares of Alibaba Group from $147.00 to $142.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $154.21.

Alibaba Group Price Performance

Shares of BABA stock opened at $113.04 on Tuesday. Alibaba Group Holding Limited has a 12-month low of $71.80 and a 12-month high of $148.43. The firm has a market capitalization of $269.58 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.46 and a beta of 0.22. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $119.32 and a 200-day moving average of $112.46.

Alibaba Group Cuts Dividend

The company also recently declared a — dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s dividend payout ratio (DPR) 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.