Alibaba Group (NYSE:BABA) Trading 2.4% Higher - Still a Buy?

Key Points

• Alibaba Group's shares increased by 2.4% to $122.95, though the trading volume fell significantly, down 77% from the average session volume.
• Analysts have mixed opinions on Alibaba, with a consensus rating of "Moderate Buy" and an average target price of $153.29, while several firms adjusted their target prices downward.
• Alibaba recently disclosed a dividend yield of 0.8%, paying $0.95 per share, with a dividend payout ratio of 12.75%.

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares traded up 2.4% during trading on Monday . The company traded as high as $123.45 and last traded at $122.95. 5,093,199 shares traded hands during trading, a decline of 77% from the average session volume of 22,279,199 shares. The stock had previously closed at $120.03.

Analyst Ratings Changes

A number of equities analysts have issued reports on BABA shares. Benchmark reaffirmed a "buy" rating on shares of Alibaba Group in a research note on Monday, July 21st. Wall Street Zen lowered Alibaba Group from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Morgan Stanley set a $180.00 target price on shares of Alibaba Group in a research note on Wednesday, May 14th. Robert W. Baird reduced their target price on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Citigroup reduced their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $153.29.

Alibaba Group Stock Up 1.6%

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 fifty day moving average price is $115.96 and its two-hundred day moving average price is $117.13. The stock has a market cap of $291.06 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.77 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 paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 12.75%.

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Alibaba Group during the 1st quarter valued at approximately $26,000. Summit Securities Group LLC grew its stake in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 59,000 shares in the last quarter. Ransom Advisory Ltd bought a new stake in Alibaba Group during the 1st quarter worth approximately $26,000. 1248 Management LLC bought a new position in Alibaba Group in the 1st quarter valued at $26,000. Finally, Rosenberg Matthew Hamilton purchased a new position in shares of Alibaba Group during the 2nd quarter valued at $26,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

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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