Alibaba Group (NYSE:BABA) Stock Price Up 0.5%

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) shot up 0.5% during mid-day trading on Wednesday . The company traded as high as $78.75 and last traded at $78.31. 5,215,886 shares were traded during mid-day trading, a decline of 71% from the average session volume of 18,216,129 shares. The stock had previously closed at $77.90.

Analyst Ratings Changes

BABA has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, May 15th. Bank of America upped their price objective on Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Barclays lowered their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. StockNews.com upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.79.

Check Out Our Latest Stock Analysis on Alibaba Group

Alibaba Group Trading Down 3.1 %

The firm’s 50 day moving average is $77.68 and its 200 day moving average is $74.97. 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 company has a market cap of $186.13 billion, a PE ratio of 17.19, a PEG ratio of 0.48 and a beta of 0.38.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. On average, equities analysts anticipate that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BABA. Morgan Stanley boosted its stake in Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after buying an additional 1,406,491 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Alibaba Group by 2.2% during the 4th quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock valued at $76,951,000 after purchasing an additional 21,228 shares during the last quarter. Cerity Partners LLC raised its position in Alibaba Group by 299.9% in the 4th quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after purchasing an additional 62,163 shares during the period. Ramirez Asset Management Inc. bought a new stake in Alibaba Group in the third quarter worth $7,836,000. Finally, Pacer Advisors Inc. purchased a new stake in Alibaba Group during the fourth quarter valued at about $1,449,000. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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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.

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