Alibaba Group (NYSE:BABA) Stock Price Up 3.1% - Should You Buy?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price traded up 3.1% during mid-day trading on Monday . The company traded as high as $116.90 and last traded at $116.39. 3,942,476 shares changed hands during trading, a decline of 80% from the average session volume of 19,935,877 shares. The stock had previously closed at $112.87.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Morgan Stanley set a $180.00 target price on Alibaba Group in a research report on Wednesday, May 14th. Mizuho decreased their target price on 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 upgraded Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Loop Capital set a $176.00 target price on Alibaba Group in a research report on Friday, May 16th. Finally, Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $154.21.

Alibaba Group Trading Down 1.4%

The stock has a market capitalization of $270.44 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 0.47 and a beta of 0.22. The company has a 50 day moving average of $119.24 and a 200 day moving average of $111.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55.

Alibaba Group Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 13.83%.

Institutional Trading of Alibaba Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. 1248 Management LLC acquired a new stake in shares of Alibaba Group in the 1st quarter worth $26,000. North Ridge Wealth Advisors Inc. purchased a new position in shares of Alibaba Group during the 1st quarter worth $26,000. Summit Securities Group LLC grew its holdings in shares of 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 purchasing an additional 59,000 shares during the period. Ransom Advisory Ltd purchased a new position in shares of Alibaba Group during the 1st quarter worth $26,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of 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 period. 13.47% of the stock is owned by institutional investors and hedge funds.

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.