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 a consensus recommendation of "Buy" by the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Fourteen 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 issued a report on the stock in the last year is $154.21.

Several brokerages have recently commented on BABA. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup reduced their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday, May 14th. Finally, Mizuho reduced their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th.

Alibaba Group Stock Performance

Shares of Alibaba Group stock traded down $3.91 on Thursday, hitting $112.71. 13,309,167 shares of the company's stock were exchanged, compared to its average volume of 19,998,473. The company has a 50-day simple moving average of $118.35 and a 200-day simple moving average of $111.10. The stock has a market capitalization of $268.93 billion, a PE ratio of 16.29, a PEG ratio of 0.61 and a beta of 0.22. Alibaba Group has a 1 year low of $71.80 and a 1 year high of $148.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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 issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is 13.83%.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in Alibaba Group by 22.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after purchasing an additional 2,885,154 shares during the last quarter. Appaloosa LP grew its holdings in Alibaba Group by 18.4% during the 4th quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock valued at $1,004,181,000 after purchasing an additional 1,843,158 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Alibaba Group by 43.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock valued at $1,136,554,000 after purchasing an additional 2,584,480 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alibaba Group by 85.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock valued at $1,131,558,000 after buying an additional 3,947,460 shares during the period. Finally, Norges Bank purchased a new stake in Alibaba Group in the 4th quarter valued at about $585,479,000. 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.