Alibaba Group Holding Limited (NYSE:BABA) Receives Average Rating of "Moderate Buy" from Brokerages

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $154.13.

Several research analysts have issued reports on the company. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 24th. Mizuho decreased their price target on Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Loop Capital set a $176.00 price target on Alibaba Group in a research note on Friday, May 16th. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Finally, Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, June 27th.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the company. WCM Investment Management LLC acquired a new position in Alibaba Group during the 1st quarter worth about $4,074,000. KMG Fiduciary Partners LLC bought a new position in shares of Alibaba Group in the 1st quarter worth about $1,948,000. Avaii Wealth Management LLC bought a new position in shares of Alibaba Group in the 1st quarter worth about $563,000. Fiduciary Alliance LLC raised its position in shares of Alibaba Group by 18.3% in the 1st quarter. Fiduciary Alliance LLC now owns 117,943 shares of the specialty retailer's stock worth $15,596,000 after acquiring an additional 18,230 shares in the last quarter. Finally, Summa Corp. increased its position in Alibaba Group by 28.7% in the 1st quarter. Summa Corp. now owns 71,673 shares of the specialty retailer's stock valued at $9,477,000 after buying an additional 16,000 shares in the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Stock Performance

Shares of BABA opened at $108.67 on Monday. The stock has a 50 day moving average price of $119.19 and a 200 day moving average price of $114.03. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $259.31 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. Alibaba Group has a 52-week low of $72.95 and a 52-week high of $148.43.

Alibaba Group Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's payout ratio is 13.83%.

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.

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