Chemistry Wealth Management LLC Increases Holdings in Alibaba Group Holding Limited (NYSE:BABA)

Chemistry Wealth Management LLC lifted its position in shares of Alibaba Group Holding Limited (NYSE:BABA) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,516 shares of the specialty retailer’s stock after buying an additional 1,308 shares during the period. Chemistry Wealth Management LLC’s holdings in Alibaba Group were worth $2,052,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 200 shares in the last quarter. Redwood Park Advisors LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at about $52,000. Vision Financial Markets LLC purchased a new position in shares of Alibaba Group during the 4th quarter valued at about $55,000. Finally, Brown Shipley& Co Ltd increased its stake in Alibaba Group by 279.1% in the 4th quarter. Brown Shipley& Co Ltd now owns 652 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 480 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BABA has been the topic of a number of analyst reports. Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Wall Street Zen cut Alibaba Group from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. Citigroup decreased their price target 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. Bank of America lifted their price target on Alibaba Group from $117.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of “Buy” and an average target price of $154.21.

Alibaba Group Price Performance

Shares of BABA stock opened at $119.48 on Friday. The stock has a market cap of $285.05 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.61 and a beta of 0.24. The business’s fifty day moving average is $118.11 and its 200 day moving average is $109.78. Alibaba Group Holding Limited has a twelve month low of $71.80 and a twelve month high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group Cuts Dividend

The company also recently declared a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group’s payout ratio is 13.83%.

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.