Alibaba Group (NYSE:BABA) Shares Up 0.2%

Alibaba Group Holding Limited (NYSE:BABA)’s share price shot up 0.2% during trading on Friday . The company traded as high as $75.69 and last traded at $75.56. 3,228,688 shares changed hands during trading, a decline of 81% from the average session volume of 16,914,053 shares. The stock had previously closed at $75.40.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BABA. Morgan Stanley reaffirmed 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 report on Wednesday, May 15th. Loop Capital lifted their price target on Alibaba Group from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Jefferies Financial Group reiterated a “buy” rating and set a $116.00 price target on shares of Alibaba Group in a research report on Friday. Finally, Barclays reduced their price target on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus price target of $109.19.

Alibaba Group Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $194.22 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 0.47 and a beta of 0.33. The company has a 50 day moving average price of $77.36 and a 200 day moving average price of $75.13.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data 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. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The firm had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. On average, research analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. acquired a new stake in shares of Alibaba Group in the 4th quarter valued at about $1,449,000. Kingswood Wealth Advisors LLC acquired a new stake in Alibaba Group during the 4th quarter worth approximately $544,000. PFG Investments LLC lifted its position in Alibaba Group by 35.9% during the 4th quarter. PFG Investments LLC now owns 3,792 shares of the specialty retailer’s stock worth $294,000 after acquiring an additional 1,001 shares during the period. Highland Capital Management LLC lifted its position in Alibaba Group by 5.1% during the 4th quarter. Highland Capital Management LLC now owns 6,190 shares of the specialty retailer’s stock worth $480,000 after acquiring an additional 300 shares during the period. Finally, Blue Trust Inc. lifted its position in Alibaba Group by 17.6% during the 4th quarter. Blue Trust Inc. now owns 10,720 shares of the specialty retailer’s stock worth $831,000 after acquiring an additional 1,607 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

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.