Alibaba Group (NYSE:BABA) Trading 0.1% Higher

Alibaba Group Holding Limited (NYSE:BABA)’s stock price shot up 0.1% during trading on Friday . The stock traded as high as $72.47 and last traded at $72.42. 4,076,973 shares changed hands during trading, a decline of 77% from the average session volume of 17,750,613 shares. The stock had previously closed at $72.37.

Analysts Set New Price Targets

Several brokerages have commented on BABA. Benchmark restated a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a research note on Wednesday, May 15th. JPMorgan Chase & Co. dropped their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Citigroup dropped their price target on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a research note on Tuesday, April 9th. Finally, Truist Financial lowered their target price on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.79.

Alibaba Group Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The business has a fifty day simple moving average of $78.23 and a 200 day simple moving average of $75.00. The company has a market cap of $182.70 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.45 and a beta of 0.38.

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

Alibaba Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Bogart Wealth LLC lifted its holdings in shares of Alibaba Group by 16.7% in the 1st quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 142 shares during the last quarter. Legacy Advisors LLC lifted its holdings in shares of Alibaba Group by 1.4% in the 4th quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock worth $826,000 after purchasing an additional 145 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Alibaba Group by 11.2% in the 1st quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock worth $111,000 after purchasing an additional 154 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Alibaba Group by 2.5% in the 4th quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock worth $517,000 after purchasing an additional 164 shares during the last quarter. Finally, WNY Asset Management LLC lifted its holdings in shares of Alibaba Group by 2.8% in the 1st quarter. WNY Asset Management LLC now owns 6,022 shares of the specialty retailer’s stock worth $436,000 after purchasing an additional 164 shares during the last quarter. 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.