ORG Partners LLC Purchases 11,064 Shares of Alibaba Group Holding Limited (NYSE:BABA)

ORG Partners LLC boosted its stake in Alibaba Group Holding Limited (NYSE:BABA) by 52,685.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 11,085 shares of the specialty retailer’s stock after acquiring an additional 11,064 shares during the period. Alibaba Group makes up approximately 1.5% of ORG Partners LLC’s portfolio, making the stock its 10th largest position. ORG Partners LLC’s holdings in Alibaba Group were worth $813,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. VitalStone Financial LLC increased its holdings in shares of Alibaba Group by 4,861.8% during the 1st quarter. VitalStone Financial LLC now owns 6,748 shares of the specialty retailer’s stock worth $488,000 after buying an additional 6,612 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Alibaba Group by 118.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,430 shares of the specialty retailer’s stock worth $465,000 after buying an additional 3,482 shares during the last quarter. Team Hewins LLC increased its holdings in shares of Alibaba Group by 7.6% during the 1st quarter. Team Hewins LLC now owns 7,413 shares of the specialty retailer’s stock worth $536,000 after buying an additional 526 shares during the last quarter. Eos Management L.P. acquired a new stake in shares of Alibaba Group during the 1st quarter worth $983,000. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Alibaba Group during the 1st quarter worth $10,718,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Stock Up 1.4 %

Shares of BABA stock traded up $1.14 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 stock has a market capitalization of $202.12 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 0.47 and a beta of 0.33. Alibaba Group Holding Limited has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s fifty day moving average price is $78.23 and its 200-day moving average price is $75.06.

Alibaba Group (NYSE:BABA) last announced its 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. The firm had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. Research analysts anticipate that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on BABA. Citigroup lowered their price target on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Bank of America lifted their price target on Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Loop Capital lifted their price target on shares of Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Mizuho decreased their price objective on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a research note on Tuesday, April 9th. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $108.79.

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.