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

Key Points

• Alibaba Group Holding Limited has received an average rating of "Moderate Buy" from 15 brokerages, with 13 analysts assigning a buy rating, leading to a 12-month target price of $153.29.
• Several institutional investors have significantly increased their holdings in Alibaba, including Brighton Jones LLC, which raised its stake by 40.4%.
• Alibaba has recently declared a $0.95 dividend, resulting in a yield of 80.0%, while maintaining a low dividend payout ratio of 12.75%.

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $153.29.

BABA has been the topic of several recent research reports. Mizuho decreased their target price on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Arete Research downgraded shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Arete downgraded shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a research note on Tuesday, June 24th. Citigroup decreased their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America reduced their price target on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a report on Friday, July 11th.

Alibaba Group Price Performance

Shares of Alibaba Group stock traded down $3.57 during trading on Friday, hitting $117.06. 12,191,248 shares of the company's stock traded hands, compared to its average volume of 14,678,762. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The firm's fifty day moving average price is $115.68 and its 200 day moving average price is $117.71. Alibaba Group has a twelve month low of $73.87 and a twelve month high of $148.43. The company has a market cap of $279.23 billion, a PE ratio of 15.71, a PEG ratio of 1.77 and a beta of 0.17.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 80.0%. Alibaba Group's dividend payout ratio is presently 12.75%.

Hedge Funds Weigh In On Alibaba Group

Several large investors have recently modified their holdings of BABA. 1248 Management LLC acquired a new position in shares of Alibaba Group in the first quarter valued at about $26,000. North Ridge Wealth Advisors Inc. bought a new position in Alibaba Group in the 1st quarter valued at approximately $26,000. Summit Securities Group LLC raised its holdings 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 buying an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new position in Alibaba Group during the 1st quarter worth approximately $26,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in Alibaba Group by 1,960.0% during the 1st 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. 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.