Alibaba Group (NYSE:BABA) Trading Down 1.3% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABAGet Free Report)’s share price was down 1.3% during mid-day trading on Wednesday . The company traded as low as $126.25 and last traded at $127.7360. Approximately 8,193,474 shares were traded during trading, a decline of 31% from the average daily volume of 11,860,109 shares. The stock had previously closed at $129.47.

Alibaba Group News Summary

Here are the key news stories impacting Alibaba Group this week:

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BABA shares. Mizuho increased their price target on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Susquehanna increased their price target on Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. increased their price target on Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. HSBC increased their price target on Alibaba Group from $172.00 to $180.00 in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded Alibaba Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average price target of $188.76.

Get Our Latest Report on Alibaba Group

Alibaba Group Trading Down 1.5%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The business has a fifty day simple moving average of $131.01 and a 200 day simple moving average of $146.68. The stock has a market capitalization of $298.13 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The firm had revenue of $35.30 billion for the quarter. As a group, research analysts expect that Alibaba Group Holding Limited will post 6.67 EPS for the current year.

Alibaba Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be issued a $1.05 dividend. This represents a yield of 72.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio is currently 15.60%.

Institutional Trading of Alibaba Group

Several large investors have recently modified their holdings of the stock. ARK Investment Management LLC bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $37,565,000. Great Hill Capital LLC bought a new stake in shares of Alibaba Group during the 3rd quarter valued at $2,207,000. Jennison Associates LLC raised its stake in shares of Alibaba Group by 11.9% during the 4th quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock valued at $7,950,000 after purchasing an additional 5,760 shares during the period. Thornburg Investment Management Inc. raised its stake in shares of Alibaba Group by 14.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 553,384 shares of the specialty retailer’s stock valued at $98,906,000 after purchasing an additional 69,232 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Alibaba Group by 61.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 50,123 shares of the specialty retailer’s stock valued at $7,347,000 after purchasing an additional 19,169 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

About Alibaba Group

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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