Alibaba Group (NYSE:BABA) Trading Up 1.4% - What's Next?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price was up 1.4% on Monday . The stock traded as high as $108.80 and last traded at $108.27. Approximately 5,376,681 shares traded hands during trading, a decline of 73% from the average daily volume of 19,961,297 shares. The stock had previously closed at $106.72.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BABA. Bank of America decreased their target price on Alibaba Group from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Friday. Citigroup decreased 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. Arete lowered Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 target price on the stock. in a report on Tuesday, June 24th. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Finally, Loop Capital set a $176.00 target price on Alibaba Group in a report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and a consensus target price of $153.13.

Alibaba Group Trading Up 1.4%

The business has a fifty day simple moving average of $117.76 and a 200-day simple moving average of $114.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market cap of $258.15 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 0.49 and a beta of 0.22.

Alibaba Group Cuts Dividend

The company also recently declared a -- dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a yield of 0.8%. Alibaba Group's payout ratio is currently 12.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1248 Management LLC bought a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. North Ridge Wealth Advisors Inc. bought a new position in shares of Alibaba Group in the first quarter valued at approximately $26,000. Summit Securities Group LLC lifted its holdings in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 59,000 shares during the period. Ransom Advisory Ltd bought a new stake in Alibaba Group during the first quarter worth $26,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 196 shares during the period. Institutional investors own 13.47% of the company's stock.

About Alibaba Group

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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