Alibaba Group (NYSE:BABA) Stock Price Up 0.6%

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded up 0.6% on Wednesday . The company traded as high as $77.06 and last traded at $76.58. 2,681,286 shares changed hands during trading, a decline of 84% from the average session volume of 17,039,922 shares. The stock had previously closed at $76.10.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Truist Financial reduced their price target on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Benchmark reiterated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, May 15th. JPMorgan Chase & Co. dropped their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research report on Tuesday, April 9th. Finally, Bank of America upped their target price on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $108.79.

Alibaba Group Stock Down 0.4 %

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 stock has a market cap of $192.34 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 0.47 and a beta of 0.33. The business has a fifty day moving average of $77.69 and a 200-day moving average of $75.12.

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, topping analysts’ consensus estimates of $0.92 by $0.13. The business 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%. Equities research analysts anticipate that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Dividend Announcement

The company also recently announced a None dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 13th were given a $1.66 dividend. This represents a dividend yield of 3%. The ex-dividend date was Thursday, June 13th. Alibaba Group’s payout ratio is 22.84%.

Hedge Funds Weigh In On Alibaba Group

Hedge funds have recently made changes to their positions in the company. Baystate Wealth Management LLC increased its position in shares of Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 216 shares during the period. GPS Wealth Strategies Group LLC increased its position in shares of Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 209 shares during the period. EdgeRock Capital LLC purchased a new stake in Alibaba Group in the fourth quarter valued at $26,000. LFA Lugano Financial Advisors SA purchased a new stake in Alibaba Group in the fourth quarter valued at $32,000. Finally, Register Financial Advisors LLC purchased a new stake in Alibaba Group in the first quarter valued at $31,000. 13.47% of the stock is owned by institutional investors and hedge funds.

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.