Alibaba Group (NYSE:BABA) Given New $145.00 Price Target at Barclays

Alibaba Group (NYSE:BABA - Free Report) had its price target decreased by Barclays from $180.00 to $145.00 in a report issued on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the specialty retailer's stock.

BABA has been the subject of several other reports. Arete cut shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective for the company. in a research note on Tuesday, June 24th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a report on Friday, May 16th. Arete Research cut shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Bank of America cut 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. Finally, Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.80.

Alibaba Group Trading Up 2.5%

BABA stock traded up $2.92 during trading on Tuesday, hitting $120.22. The company had a trading volume of 26,622,729 shares, compared to its average volume of 22,772,561. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group has a 52-week low of $73.87 and a 52-week high of $148.43. The company has a 50 day simple moving average of $116.86 and a 200-day simple moving average of $115.19. The firm has a market capitalization of $286.85 billion, a P/E ratio of 16.14, a PEG ratio of 1.70 and a beta of 0.21.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio is currently 12.75%.

Institutional Investors Weigh In On Alibaba Group

Several institutional investors have recently bought and sold shares of the stock. BSW Wealth Partners lifted its holdings in Alibaba Group by 9.1% in the second quarter. BSW Wealth Partners now owns 1,785 shares of the specialty retailer's stock worth $202,000 after purchasing an additional 149 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in Alibaba Group by 6,545.2% in the second quarter. SOA Wealth Advisors LLC. now owns 54,424 shares of the specialty retailer's stock worth $6,172,000 after purchasing an additional 53,605 shares during the period. Deltec Asset Management LLC lifted its holdings in Alibaba Group by 28.9% in the second quarter. Deltec Asset Management LLC now owns 5,575 shares of the specialty retailer's stock worth $632,000 after purchasing an additional 1,250 shares during the period. Ninety One UK Ltd acquired a new stake in Alibaba Group in the second quarter worth about $15,318,000. Finally, Community Bank & Trust Waco Texas lifted its holdings in Alibaba Group by 36.4% in the second quarter. Community Bank & Trust Waco Texas now owns 3,522 shares of the specialty retailer's stock worth $399,000 after purchasing an additional 940 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.

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.