Analysts Set Alibaba Group Holding Limited (NYSE:BABA) Target Price at $188.76

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-three brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $188.7619.

A number of research analysts have weighed in on the stock. Susquehanna raised their price objective on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Morgan Stanley raised their price objective on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Freedom Capital raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. BNP Paribas Exane began coverage on shares of Alibaba Group in a report on Wednesday, April 29th. They issued an “outperform” rating and a $209.00 target price for the company. Finally, Zacks Research downgraded shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd.

Read Our Latest Report on BABA

Alibaba Group Stock Down 1.5%

Shares of NYSE BABA opened at $124.27 on Thursday. The firm has a market cap of $298.13 billion, a PE ratio of 20.41, a P/E/G ratio of 2.16 and a beta of 0.50. Alibaba Group has a 12-month low of $103.71 and a 12-month high of $192.67. The company’s fifty day simple moving average is $130.81 and its 200 day simple moving average is $146.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21.

Alibaba Group (NYSE:BABAGet Free Report) last issued its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. As a group, sell-side analysts forecast that Alibaba Group will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be issued a dividend of $1.05 per share. This represents a yield of 72.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s dividend payout ratio (DPR) is 15.60%.

Institutional Trading of Alibaba Group

A number of large investors have recently added to or reduced their stakes in the stock. Bluesphere Advisors LLC increased its holdings in Alibaba Group by 2.2% during the third quarter. Bluesphere Advisors LLC now owns 3,023 shares of the specialty retailer’s stock worth $540,000 after buying an additional 64 shares during the last quarter. Transcend Capital Advisors LLC boosted its position in Alibaba Group by 1.0% during the third quarter. Transcend Capital Advisors LLC now owns 6,661 shares of the specialty retailer’s stock worth $1,191,000 after purchasing an additional 66 shares during the period. Bleakley Financial Group LLC boosted its position in Alibaba Group by 0.4% during the fourth quarter. Bleakley Financial Group LLC now owns 16,420 shares of the specialty retailer’s stock worth $2,407,000 after purchasing an additional 67 shares during the period. Ameriflex Group Inc. boosted its position in Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares during the period. Finally, Highline Wealth Partners LLC boosted its position in Alibaba Group by 20.7% during the fourth quarter. Highline Wealth Partners LLC now owns 426 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Key Alibaba Group News

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

Alibaba Group Company Profile

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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.

Further Reading

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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