Alibaba Group (NYSE:BABA) Trading Down 1.9%

Shares of Alibaba Group Holding Limited (NYSE:BABA) were down 1.9% during trading on Thursday . The stock traded as low as $72.72 and last traded at $72.79. Approximately 3,854,452 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 17,796,957 shares. The stock had previously closed at $74.17.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BABA shares. Citigroup decreased their target price on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Truist Financial dropped their target price on Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. JPMorgan Chase & Co. lowered their price objective 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 lifted their target price on shares of Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Barclays dropped their price target on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group Trading Down 0.5 %

The business has a fifty day moving average price of $78.23 and a two-hundred day moving average price of $74.98. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $182.75 billion, a PE ratio of 16.79, a PEG ratio of 0.45 and a beta of 0.38.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The firm had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. Analysts expect that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be given a dividend of $1.66 per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio is presently 22.84%.

Institutional Investors Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley lifted its position in Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares during the period. Russell Investments Group Ltd. boosted its holdings in Alibaba Group by 2.2% in 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 in the last quarter. Cerity Partners LLC increased its position in Alibaba Group by 299.9% during 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. purchased a new stake in shares of Alibaba Group in the third quarter valued at approximately $7,836,000. Finally, Pacer Advisors Inc. acquired a new position in shares of Alibaba Group during the 4th quarter worth $1,449,000. 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.