Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded down 1.4% on Thursday . The company traded as low as $113.02 and last traded at $113.38. 13,953,384 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 19,969,197 shares. The stock had previously closed at $115.03.
Analysts Set New Price Targets
Several research firms have recently commented on BABA. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Wall Street Zen upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Citigroup dropped their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Loop Capital set a $176.00 target price on shares of Alibaba Group in a report on Friday, May 16th. Finally, Morgan Stanley set a $180.00 price target on Alibaba Group in a research note on Wednesday, May 14th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $154.21.
View Our Latest Research Report on Alibaba Group
Alibaba Group Stock Performance
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55. The firm has a market cap of $270.44 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. The stock has a 50-day moving average of $119.05 and a 200-day moving average of $111.51.
Alibaba Group Cuts Dividend
The business also recently disclosed a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be issued a $0.95 dividend. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's payout ratio is presently 13.83%.
Hedge Funds Weigh In On Alibaba Group
Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Alibaba Group by 40.4% in the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 981 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Alibaba Group in the fourth quarter valued at approximately $6,478,000. Empowered Funds LLC bought a new stake in Alibaba Group in the fourth quarter valued at approximately $215,000. Rhumbline Advisers boosted its stake in shares of Alibaba Group by 0.7% during the 4th quarter. Rhumbline Advisers now owns 22,246 shares of the specialty retailer's stock worth $1,886,000 after acquiring an additional 154 shares during the period. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Alibaba Group by 39.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 727 shares of the specialty retailer's stock worth $62,000 after acquiring an additional 206 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.
Alibaba Group Company Profile
(
Get Free Report)
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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