Brokerages Set Alibaba Group Holding Limited (NYSE:BABA) Price Target at $154.21

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) have been given an average recommendation of "Buy" by the fifteen research firms that are covering the firm, Marketbeat.com reports. Fourteen research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $154.21.

BABA has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley set a $180.00 price objective on Alibaba Group in a research note on Wednesday, May 14th. Mizuho reduced 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 note on Friday, May 16th. Citigroup dropped their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Robert W. Baird cut their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th.

Alibaba Group Stock Performance

Alibaba Group stock traded down $3.74 on Thursday, hitting $116.59. The company's stock had a trading volume of 10,042,032 shares, compared to its average volume of 19,962,692. Alibaba Group has a one year low of $71.80 and a one year high of $148.43. The firm has a market cap of $278.18 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 0.61 and a beta of 0.22. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average price of $117.87 and a 200-day moving average price of $110.53.

Alibaba Group Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. 1248 Management LLC bought a new position in Alibaba Group during the 1st quarter worth about $26,000. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC increased its holdings in shares of Alibaba Group by 100.3% in the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new position in Alibaba Group in the 1st quarter valued at about $26,000. Finally, Hazlett Burt & Watson Inc. increased its stake 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 period. 13.47% of the stock is currently 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.