Alibaba Group (NYSE:BABA) Trading 1.5% Higher - Still a Buy?

Key Points

• Alibaba Group's shares increased by 1.5% during trading, reaching a price of $120.38, but the trading volume saw a significant decline of 89% from the average.
• Wall Street analysts have mixed ratings on Alibaba, with thirteen analysts$153.29.
• Institutional investors have shown increased interest in Alibaba, with multiple firms raising their positions, reflecting growing confidence in the company amidst fluctuating stock performance.

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded up 1.5% during trading on Tuesday . The stock traded as high as $119.53 and last traded at $120.38. 2,452,741 shares traded hands during trading, a decline of 89% from the average session volume of 21,445,350 shares. The stock had previously closed at $118.64.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Morgan Stanley set a $180.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 14th. Bank of America cut their price objective 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. Benchmark reissued a "buy" rating on shares of Alibaba Group in a research report on Monday, July 21st. Wall Street Zen downgraded shares of Alibaba Group from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Mizuho dropped their price target on shares of Alibaba Group from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Alibaba Group presently has an average rating of "Moderate Buy" and a consensus price target of $153.29.

Alibaba Group Stock Performance

The stock has a market cap of $291.84 billion, a P/E ratio of 16.42, a PEG ratio of 1.77 and a beta of 0.17. 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's 50-day moving average price is $115.85 and its 200-day moving average price is $119.84.

Alibaba Group Cuts Dividend

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

Institutional Investors Weigh In On Alibaba Group

Several large investors have recently bought and sold shares of the business. Accent Capital Management LLC increased its position in Alibaba Group by 5.5% during the first quarter. Accent Capital Management LLC now owns 1,582 shares of the specialty retailer's stock valued at $209,000 after acquiring an additional 82 shares during the last quarter. Greenleaf Trust increased its position in Alibaba Group by 1.0% during the first 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 during the last quarter. Marcum Wealth LLC increased its position in Alibaba Group by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock valued at $363,000 after acquiring an additional 86 shares during the last quarter. Wedbush Securities Inc. increased its position in Alibaba Group by 2.1% during the second quarter. Wedbush Securities Inc. now owns 4,237 shares of the specialty retailer's stock valued at $480,000 after acquiring an additional 88 shares during the last quarter. Finally, Principal Securities Inc. increased its position in Alibaba Group by 0.5% during the first quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock valued at $2,225,000 after acquiring an additional 89 shares during the last quarter. Institutional investors own 13.47% of the company's stock.

Alibaba Group Company Profile

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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