Alibaba Group (NYSE:BABA) Shares Up 0.2%

Alibaba Group Holding Limited (NYSE:BABA) shares rose 0.2% during trading on Friday . The stock traded as high as $75.69 and last traded at $75.56. Approximately 3,228,688 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 16,914,053 shares. The stock had previously closed at $75.40.

Analyst Ratings Changes

A number of brokerages have commented on BABA. Barclays decreased their price objective on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. JPMorgan Chase & Co. decreased their price target on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Mizuho dropped their price objective on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Citigroup decreased their price objective on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Finally, Truist Financial dropped their target price on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $109.19.

Alibaba Group Stock Up 1.5 %

The firm has a market cap of $194.22 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 0.47 and a beta of 0.33. The firm’s 50 day moving average is $77.36 and its two-hundred day moving average is $75.13. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13.

Alibaba Group (NYSE:BABA) last posted its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping 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 firm had revenue of $30.73 billion for the quarter, compared to analyst estimates of $30.59 billion. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently declared a None dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 13th were paid a $1.66 dividend. This represents a yield of 3%. The ex-dividend date of this dividend was Thursday, June 13th. Alibaba Group’s dividend payout ratio (DPR) is presently 22.84%.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds have recently bought and sold shares of BABA. Pacer Advisors Inc. acquired a new position in shares of Alibaba Group in the fourth quarter valued at about $1,449,000. Kingswood Wealth Advisors LLC bought a new stake in Alibaba Group in the 4th quarter valued at about $544,000. PFG Investments LLC grew its position in shares of Alibaba Group by 35.9% during the 4th quarter. PFG Investments LLC now owns 3,792 shares of the specialty retailer’s stock worth $294,000 after purchasing an additional 1,001 shares in the last quarter. Highland Capital Management LLC increased its holdings in shares of Alibaba Group by 5.1% during the fourth quarter. Highland Capital Management LLC now owns 6,190 shares of the specialty retailer’s stock worth $480,000 after purchasing an additional 300 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Alibaba Group by 17.6% in the fourth quarter. Blue Trust Inc. now owns 10,720 shares of the specialty retailer’s stock valued at $831,000 after buying an additional 1,607 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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.