Alibaba Group (NYSE:BABA) Shares Down 1.1%

Shares of Alibaba Group Holding Limited (NYSE:BABA) were down 1.1% during mid-day trading on Tuesday . The stock traded as low as $75.44 and last traded at $75.80. Approximately 2,180,593 shares were traded during trading, a decline of 87% from the average daily volume of 17,100,939 shares. The stock had previously closed at $76.64.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BABA shares. Barclays dropped their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Bank of America increased their target price on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. dropped their target price on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Loop Capital increased their target price on Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group Price Performance

The company has a 50 day moving average of $77.59 and a two-hundred day moving average of $75.13. The firm has a market cap of $191.33 billion, a P/E ratio of 17.66, a PEG ratio of 0.47 and a beta of 0.33. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABA) last announced its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The business had revenue of $30.73 billion during the quarter, compared to analysts’ expectations of $30.59 billion. Sell-side analysts expect 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 was paid on Friday, July 12th. Investors of record on Thursday, June 13th were paid a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a yield of 3%. Alibaba Group’s dividend payout ratio is currently 22.84%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in shares of Alibaba Group in the 4th quarter valued at $1,449,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at $544,000. PFG Investments LLC boosted its position in shares of Alibaba Group by 35.9% in the 4th quarter. PFG Investments LLC now owns 3,792 shares of the specialty retailer’s stock valued at $294,000 after purchasing an additional 1,001 shares during the period. Highland Capital Management LLC boosted its position in shares of Alibaba Group by 5.1% in the 4th quarter. Highland Capital Management LLC now owns 6,190 shares of the specialty retailer’s stock valued at $480,000 after purchasing an additional 300 shares during the period. Finally, IFG Advisory LLC boosted its position in shares of Alibaba Group by 147.6% in the 4th quarter. IFG Advisory LLC now owns 29,846 shares of the specialty retailer’s stock valued at $2,313,000 after purchasing an additional 17,792 shares during the period. Institutional investors own 13.47% of the company’s stock.

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.