Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price traded down 1.3% during trading on Friday . The company traded as low as $118.66 and last traded at $119.35. 3,348,255 shares changed hands during trading, a decline of 84% from the average session volume of 21,589,998 shares. The stock had previously closed at $120.96.
Wall Street Analyst Weigh In
Several research firms have weighed in on BABA. Bank of America decreased their target price on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target on the stock. in a research note on Tuesday, June 24th. Arete Research lowered shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Barclays lowered their price objective on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 15th. Finally, Robert W. Baird dropped their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Alibaba Group has an average rating of "Moderate Buy" and a consensus target price of $153.29.
Check Out Our Latest Stock Analysis on BABA
Alibaba Group Stock Performance
The company has a market cap of $286.76 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The stock's fifty day simple moving average is $115.65 and its two-hundred day simple moving average is $118.93.
Alibaba Group Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th were paid a dividend of $0.95 per share. The ex-dividend date was Thursday, June 12th. This represents a dividend yield of 80.0%. Alibaba Group's dividend payout ratio (DPR) is currently 12.75%.
Hedge Funds Weigh In On Alibaba Group
A number of hedge funds have recently bought and sold shares of the company. Accent Capital Management LLC boosted its stake in Alibaba Group by 5.5% in the 1st quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock worth $209,000 after purchasing an additional 82 shares during the period. Greenleaf Trust lifted its stake in Alibaba Group by 1.0% in the 1st quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock valued at $1,102,000 after acquiring an additional 85 shares in the last quarter. Marcum Wealth LLC boosted its position in Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after acquiring an additional 86 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Alibaba Group by 2.1% in the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer's stock valued at $480,000 after purchasing an additional 88 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in shares of Alibaba Group by 0.5% in the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after purchasing an additional 89 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.
Alibaba Group Company Profile
(
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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.
Further Reading
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