Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price fell 0.9% on Wednesday . The stock traded as low as $123.97 and last traded at $124.07. 3,239,923 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 20,247,774 shares. The stock had previously closed at $125.16.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Arete Research upgraded Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Robert W. Baird lowered their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. StockNews.com downgraded Alibaba Group from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Benchmark decreased their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Finally, Citigroup dropped their target price on Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Alibaba Group has a consensus rating of "Buy" and an average price target of $154.21.
View Our Latest Stock Report on BABA
Alibaba Group Stock Down 1.0%
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $295.93 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The firm's 50-day simple moving average is $122.84 and its 200 day simple moving average is $107.63.
Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. As a group, equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.
Alibaba Group Cuts Dividend
The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be given a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's payout ratio is 13.15%.
Hedge Funds Weigh In On Alibaba Group
A number of institutional investors have recently made changes to their positions in BABA. Aurora Investment Managers LLC. boosted its stake in shares of Alibaba Group by 4.4% during the 4th quarter. Aurora Investment Managers LLC. now owns 76,486 shares of the specialty retailer's stock worth $6,485,000 after purchasing an additional 3,236 shares during the last quarter. Ballentine Partners LLC boosted its position in Alibaba Group by 5.9% during the fourth quarter. Ballentine Partners LLC now owns 13,892 shares of the specialty retailer's stock worth $1,178,000 after acquiring an additional 779 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Alibaba Group by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 128,015 shares of the specialty retailer's stock worth $10,855,000 after acquiring an additional 4,264 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Alibaba Group by 12.2% in the 4th quarter. Atomi Financial Group Inc. now owns 22,489 shares of the specialty retailer's stock worth $1,907,000 after acquiring an additional 2,443 shares during the period. Finally, Beaumont Financial Advisors LLC acquired a new position in Alibaba Group in the 4th quarter valued at $8,976,000. 13.47% of the stock is owned by institutional investors and hedge funds.
About Alibaba Group
(
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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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