Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) was down 1.8% during mid-day trading on Friday . The stock traded as low as $107.95 and last traded at $108.67. Approximately 11,847,157 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 19,972,500 shares. The stock had previously closed at $110.71.
Analyst Upgrades and Downgrades
A number of brokerages have commented on BABA. Benchmark reduced their price objective on Alibaba Group from $190.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Arete Research downgraded Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Robert W. Baird decreased their price target on Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective on the stock. in a research note on Tuesday, June 24th. Finally, Loop Capital set a $176.00 target price on shares of Alibaba Group in a research report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Alibaba Group has an average rating of "Moderate Buy" and a consensus price target of $154.13.
Read Our Latest Stock Report on Alibaba Group
Alibaba Group Stock Down 1.8%
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 stock has a market capitalization of $259.31 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 0.47 and a beta of 0.22. The firm's fifty day moving average is $119.19 and its 200-day moving average is $113.62.
Alibaba Group Cuts Dividend
The business also recently announced a -- dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 12th will be paid a $0.95 dividend. The ex-dividend date is Thursday, June 12th. This represents a dividend yield of 0.8%. Alibaba Group's dividend payout ratio (DPR) is presently 13.83%.
Institutional Trading of Alibaba Group
Institutional investors and hedge funds have recently bought and sold shares of the company. Accent Capital Management LLC raised its position in shares of Alibaba Group by 5.5% during the 1st 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 in the last quarter. Greenleaf Trust raised its holdings in shares of Alibaba Group by 1.0% during the first quarter. Greenleaf Trust now owns 8,336 shares of the specialty retailer's stock worth $1,102,000 after purchasing an additional 85 shares during the period. Marcum Wealth LLC raised its holdings in shares of Alibaba Group by 3.2% during the first quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer's stock worth $363,000 after purchasing an additional 86 shares during the period. Principal Securities Inc. lifted its position in shares of Alibaba Group by 0.5% in the 1st quarter. Principal Securities Inc. now owns 16,823 shares of the specialty retailer's stock worth $2,225,000 after buying an additional 89 shares during the last quarter. Finally, Institute for Wealth Management LLC. boosted its holdings in shares of Alibaba Group by 1.1% in the 1st quarter. Institute for Wealth Management LLC. now owns 8,578 shares of the specialty retailer's stock valued at $1,134,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 13.47% of the company's stock.
Alibaba Group Company Profile
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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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