Alibaba Group (NYSE:BABA) Trading Down 2%

Alibaba Group Holding Limited (NYSE:BABA) shares traded down 2% during mid-day trading on Friday . The company traded as low as $73.61 and last traded at $74.05. 7,056,638 shares were traded during mid-day trading, a decline of 60% from the average session volume of 17,564,313 shares. The stock had previously closed at $75.57.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup reduced their target price on Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Loop Capital increased their target price on Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Bank of America increased their price objective on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. cut their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Trading Down 1.8 %

The company has a fifty day simple moving average of $78.32 and a two-hundred day simple moving average of $75.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $188.23 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 0.47 and a beta of 0.33.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The company had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. On average, analysts forecast that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be given a $1.66 dividend. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s dividend payout ratio is currently 22.84%.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently made changes to their positions in BABA. Baystate Wealth Management LLC grew its position in shares of Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Alibaba Group in the fourth quarter valued at about $26,000. Anchor Investment Management LLC acquired a new stake in Alibaba Group during the fourth quarter worth about $31,000. Register Financial Advisors LLC acquired a new stake in Alibaba Group during the first quarter worth about $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group during the fourth quarter worth about $32,000. 13.47% of the stock is owned by institutional investors and hedge funds.

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.