Alibaba Group (NYSE:BABA) Stock Price Down 3% - What's Next?

Key Points

• Alibaba Group's stock price fell 3% on Friday, trading as low as $116.11, with a significant volume drop of 75% from the average session.
• Wall Street analysts have recently downgraded Alibaba's stock ratings, with targets set between $135.00 and $180.00, and a consensus rating of "Moderate Buy."
• The company recently paid a dividend yield of 80.0%, with a payout ratio currently at 12.75%.

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded down 3% on Friday . The stock traded as low as $116.11 and last traded at $116.96. 5,607,660 shares traded hands during trading, a decline of 75% from the average session volume of 22,022,648 shares. The stock had previously closed at $120.63.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BABA. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research note on Wednesday, May 14th. Arete Research lowered shares of Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Barclays lowered their target price on shares of Alibaba Group from $180.00 to $145.00 and set an "overweight" rating on the stock in a report on Tuesday, July 15th. Finally, Bank of America reduced their price target on shares of Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $153.29.

Alibaba Group Price Performance

The business's 50-day moving average price is $115.68 and its 200 day moving average price is $117.71. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $278.55 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.73 and a beta of 0.21.

Alibaba Group Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were given a dividend of $0.95 per share. This represents a yield of 80.0%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's payout ratio is presently 12.75%.

Institutional Trading of Alibaba Group

A number of hedge funds have recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC raised its holdings in Alibaba Group by 1,349,768.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock valued at $5,558,646,000 after buying an additional 49,010,087 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Alibaba Group by 3,214.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock valued at $578,992,000 after purchasing an additional 4,246,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Alibaba Group by 85.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,557,495 shares of the specialty retailer's stock valued at $1,131,558,000 after purchasing an additional 3,947,460 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Alibaba Group by 22.6% during the first quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after purchasing an additional 2,885,154 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Alibaba Group by 43.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,595,269 shares of the specialty retailer's stock worth $1,136,554,000 after purchasing an additional 2,584,480 shares during the period. Institutional investors own 13.47% of the company's stock.

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.

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