ORG Partners LLC Grows Stock Position in Alibaba Group Holding Limited (NYSE:BABA)

ORG Partners LLC lifted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 52,685.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,085 shares of the specialty retailer’s stock after purchasing an additional 11,064 shares during the period. Alibaba Group accounts for approximately 1.5% of ORG Partners LLC’s holdings, making the stock its 10th largest position. ORG Partners LLC’s holdings in Alibaba Group were worth $813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baystate Wealth Management LLC increased its stake in Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after buying an additional 216 shares in the last quarter. EdgeRock Capital LLC purchased a new position in shares of Alibaba Group during the fourth quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in shares of Alibaba Group during the fourth quarter valued at about $31,000. Register Financial Advisors LLC purchased a new position in shares of Alibaba Group during the first quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Alibaba Group during the fourth quarter valued at about $32,000. 13.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BABA. Barclays decreased their price objective on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Bank of America lifted their price objective on shares of Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a report 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 report on Wednesday, May 15th. JPMorgan Chase & Co. lowered their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Finally, Benchmark restated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.79.

Alibaba Group Trading Up 1.4 %

Shares of Alibaba Group stock traded up $1.14 during trading hours on Friday, hitting $79.66. The company’s stock had a trading volume of 14,828,194 shares, compared to its average volume of 17,494,799. The business has a fifty day moving average of $78.23 and a 200 day moving average of $75.06. The company has a market capitalization of $202.12 billion, a PE ratio of 18.55, a P/E/G ratio of 0.47 and a beta of 0.33. Alibaba Group Holding Limited has a 1-year low of $66.63 and a 1-year high of $102.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13.

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

Alibaba Group Announces Dividend

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

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.