Alibaba Group (NYSE:BABA) Trading Down 1.6% Following Analyst Downgrade

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price fell 1.6% during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $180.00 to $145.00. Barclays currently has an overweight rating on the stock. Alibaba Group traded as low as $114.04 and last traded at $115.16. 6,436,194 shares were traded during trading, a decline of 68% from the average session volume of 20,027,513 shares. The stock had previously closed at $116.97.

A number of other research analysts have also issued reports on BABA. Benchmark dropped their price objective on shares of Alibaba Group from $190.00 to $176.00 and set a "buy" rating for the company in a report on Friday, May 16th. Loop Capital set a $176.00 price objective on shares of Alibaba Group in a report on Friday, May 16th. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a report 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. Finally, Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price target for the company. in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.80.

Institutional Trading of Alibaba Group

Several hedge funds have recently bought and sold shares of the business. Deltec Asset Management LLC grew its position in Alibaba Group by 28.9% in the 2nd quarter. Deltec Asset Management LLC now owns 5,575 shares of the specialty retailer's stock valued at $632,000 after purchasing an additional 1,250 shares during the period. Ninety One UK Ltd acquired a new stake in Alibaba Group in the 2nd quarter valued at $15,318,000. Community Bank & Trust Waco Texas grew its position in Alibaba Group by 36.4% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 3,522 shares of the specialty retailer's stock valued at $399,000 after purchasing an additional 940 shares during the period. Union Bancaire Privee UBP SA grew its position in Alibaba Group by 355.2% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 162,959 shares of the specialty retailer's stock valued at $17,941,000 after purchasing an additional 127,161 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Alibaba Group by 35.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 69,245 shares of the specialty retailer's stock worth $7,853,000 after acquiring an additional 18,012 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company's stock.

Alibaba Group Stock Up 2.5%

The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $286.82 billion, a PE ratio of 16.14, a P/E/G ratio of 1.70 and a beta of 0.21. The stock's fifty day simple moving average is $116.86 and its 200-day simple moving average is $115.19.

Alibaba Group Cuts Dividend

The company also recently disclosed 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 of this dividend was Thursday, June 12th. Alibaba Group's dividend payout ratio is 12.75%.

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.