Alibaba Group (NYSE:BABA) Shares Down 1.2% - What's Next?

Key Points

• Alibaba Group's shares fell 1.2%, trading at $119.69 with a significant volume decline of 88% compared to the average session.
• Analysts have mixed ratings, with 14 buy ratings and some setting target prices as low as $135.
• The company recently cut its dividend to $0.95, resulting in a yield of 0.8% and a payout ratio of 12.75%.
• Institutional investors hold 13.47% of Alibaba's stock, with several firms significantly increasing their stakes in the recent quarter.

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) fell 1.2% during mid-day trading on Friday . The company traded as low as $119.34 and last traded at $119.69. 2,671,572 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 22,373,123 shares. The stock had previously closed at $121.15.

Wall Street Analysts Forecast Growth

BABA has been the subject of a number of research reports. Benchmark restated a "buy" rating on shares of Alibaba Group in a research report on Monday. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a research note on Tuesday, June 24th. Mizuho lowered their target price 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. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Bank of America cut their price target on Alibaba Group from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.80.

Alibaba Group Stock Performance

The firm has a fifty day simple moving average of $116.02 and a 200 day simple moving average of $116.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market cap of $286.49 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.80 and a beta of 0.21.

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 paid a $0.95 dividend. 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 large investors have recently modified their holdings of the stock. North Ridge Wealth Advisors Inc. acquired a new position in Alibaba Group during the 1st quarter worth $26,000. Summit Securities Group LLC raised its stake in Alibaba Group by 100.3% during the 1st quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after buying an additional 59,000 shares during the period. Ransom Advisory Ltd acquired a new stake in Alibaba Group during the 1st quarter worth $26,000. 1248 Management LLC acquired a new stake in Alibaba Group during the 1st quarter worth $26,000. Finally, Hazlett Burt & Watson Inc. increased 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 in the last quarter. 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.

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