Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded up 1.2% on Monday . The company traded as high as $122.31 and last traded at $121.61. 7,177,423 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 20,173,143 shares. The stock had previously closed at $120.23.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research note on Monday. Mizuho reduced their price objective on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Citigroup cut their price target on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Arete Research cut Alibaba Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 24th. Finally, Loop Capital set a $176.00 price target on shares of Alibaba Group in a report on Friday, May 16th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $150.80.
Read Our Latest Stock Report on BABA
Alibaba Group Stock Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market capitalization of $286.58 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.77 and a beta of 0.22. The firm's fifty day moving average is $116.76 and its 200 day moving average is $115.86.
Alibaba Group Cuts Dividend
The business also recently announced a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.
Hedge Funds Weigh In On Alibaba Group
Several large investors have recently modified their holdings of BABA. Kingstone Capital Partners Texas LLC raised its holdings in shares of Alibaba Group by 1,349,768.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 49,013,718 shares of the specialty retailer's stock worth $5,558,646,000 after acquiring an additional 49,010,087 shares in the last quarter. Norges Bank bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $585,479,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Alibaba Group by 3,214.5% during the 1st 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 buying an additional 4,246,564 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Alibaba Group by 85.6% in 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 worth $1,131,558,000 after purchasing an additional 3,947,460 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Alibaba Group by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,648,064 shares of the specialty retailer's stock valued at $2,069,144,000 after buying an additional 2,885,154 shares during the period. Institutional investors own 13.47% of the company's stock.
Alibaba Group Company Profile
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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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