Alibaba Group (NYSE:BABA) Trading Up 1.3%

Alibaba Group Holding Limited (NYSE:BABA)’s share price was up 1.3% on Friday . The company traded as high as $81.01 and last traded at $79.57. Approximately 7,997,575 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 17,450,955 shares. The stock had previously closed at $78.52.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BABA shares. Citigroup lowered their price target on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Barclays lowered their price target on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Bank of America raised their price target on shares of Alibaba Group from $99.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Mizuho lowered their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Finally, Truist Financial lowered their target price on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Trading Up 1.4 %

The business’s 50-day moving average price is $78.19 and its two-hundred day moving average price is $75.08. The company has a market capitalization of $202.11 billion, a P/E ratio of 18.57, a PEG ratio of 0.48 and a beta of 0.33. 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 posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. The business had revenue of $30.73 billion for the quarter, compared to analysts’ expectations of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. As a group, analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current fiscal year.

Alibaba Group Dividend Announcement

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

Institutional Investors Weigh In On Alibaba Group

Several institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its position in Alibaba Group by 16.7% in the 1st quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 142 shares in the last quarter. Legacy Advisors LLC increased its stake in Alibaba Group by 1.4% in the 4th quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock valued at $826,000 after buying an additional 145 shares during the last quarter. North Star Investment Management Corp. increased its stake in 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 valued at $111,000 after buying an additional 154 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in Alibaba Group by 2.5% in the 4th quarter. Hexagon Capital Partners LLC now owns 6,664 shares of the specialty retailer’s stock valued at $517,000 after buying an additional 164 shares during the last quarter. Finally, WNY Asset Management LLC increased its stake in Alibaba Group by 2.8% in the 1st quarter. WNY Asset Management LLC now owns 6,022 shares of the specialty retailer’s stock valued at $436,000 after buying an additional 164 shares during the last quarter. 13.47% of the stock is owned by institutional investors.

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.