Alibaba Group Holding Limited (NYSE:BABA) Receives $154.21 Average Price Target from Analysts

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) has been given an average rating of "Buy" by the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $154.21.

A number of research analysts recently commented on BABA shares. Mizuho lowered their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Loop Capital set a $176.00 price objective on Alibaba Group in a research report on Friday, May 16th. Barclays boosted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Arete Research raised Alibaba Group to a "strong-buy" rating in a report on Friday, February 28th.

Alibaba Group Stock Performance

BABA opened at $123.49 on Friday. The company has a 50 day simple moving average of $122.49 and a two-hundred day simple moving average of $107.74. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $294.89 billion, a P/E ratio of 17.85, a PEG ratio of 0.61 and a beta of 0.24. Alibaba Group has a 1-year low of $71.80 and a 1-year high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Equities analysts forecast that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio is presently 13.15%.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds have recently added to or reduced their stakes in the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Alibaba Group in the first quarter worth approximately $26,000. Summit Securities Group LLC grew its position in Alibaba Group by 100.3% in the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 59,000 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Alibaba Group in the first quarter worth $26,000. Hazlett Burt & Watson Inc. lifted its position in shares of Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 196 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Alibaba Group during the fourth quarter valued at $31,000. 13.47% of the stock is currently 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.