Alibaba Group (NYSE:BABA) Trading Up 0.3%

Shares of Alibaba Group Holding Limited (NYSE:BABA) shot up 0.3% on Tuesday . The stock traded as high as $72.80 and last traded at $72.42. 3,704,828 shares traded hands during trading, a decline of 79% from the average session volume of 17,623,389 shares. The stock had previously closed at $72.18.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Mizuho dropped their price target on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Bank of America increased their price objective on shares of 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. cut their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Benchmark reiterated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Wednesday, May 15th. Finally, Barclays cut their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Price Performance

The stock has a market capitalization of $191.81 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 0.45 and a beta of 0.33. The company’s 50-day simple moving average is $78.29 and its 200-day simple moving average is $75.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating 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 firm had revenue of $30.73 billion for the quarter, compared to analyst estimates of $30.59 billion. Research analysts forecast that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BABA. Baystate Wealth Management LLC boosted its position in shares of Alibaba Group by 184.6% during the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 216 shares in the last quarter. EdgeRock Capital LLC bought a new position in shares of Alibaba Group in the 4th quarter valued at $26,000. Anchor Investment Management LLC acquired a new position in shares of Alibaba Group during the 4th quarter worth $31,000. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group during the 1st quarter worth $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group in the fourth quarter valued at about $32,000. 13.47% of the stock is owned by institutional investors.

About Alibaba Group

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.