Alibaba Group Holding Limited (NYSE:BABA) Receives $186.90 Average Price Target from Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $186.9048.

Several equities research analysts recently issued reports on BABA shares. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Freedom Capital raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Susquehanna lifted their price objective on Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, May 15th. Finally, Argus upgraded Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th.

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Alibaba Group Price Performance

NYSE BABA opened at $115.04 on Friday. Alibaba Group has a one year low of $91.99 and a one year high of $192.67. The stock has a 50-day moving average of $116.66 and a 200 day moving average of $135.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $275.75 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.12 and a beta of 0.51.

Alibaba Group (NYSE:BABAGet Free Report) last posted its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The business had revenue of $35.30 billion for the quarter. On average, sell-side analysts forecast that Alibaba Group will post 6.28 EPS for the current year.

Alibaba Group Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, July 13th. Shareholders of record on Thursday, June 11th were paid a dividend of $1.05 per share. This represents a dividend yield of 93.0%. The ex-dividend date was Thursday, June 11th. Alibaba Group’s payout ratio is currently 16.91%.

Insider Transactions at Alibaba Group

In other Alibaba Group news, President J. Michael Evans sold 720,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $94.95, for a total transaction of $68,364,000.00. Following the completion of the sale, the president owned 28,000 shares of the company’s stock, valued at approximately $2,658,600. The trade was a 96.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Fan (Fj) Jiang sold 13,579 shares of Alibaba Group stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $12.10, for a total value of $164,305.90. Following the transaction, the chief executive officer directly owned 556,617 shares in the company, valued at approximately $6,735,065.70. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 920,303 shares of company stock worth $70,796,370. 12.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hoey Investments Inc. boosted its stake in Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 100 shares during the period. Costello Asset Management INC bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $34,000. Palisade Asset Management LLC bought a new stake in shares of Alibaba Group during the third quarter valued at approximately $37,000. Palladiem LLC purchased a new position in shares of Alibaba Group in the fourth quarter worth $38,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Alibaba Group by 15,000.0% during the first quarter. SJS Investment Consulting Inc. now owns 302 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

Alibaba Group News Summary

Here are the key news stories impacting Alibaba Group this week:

About Alibaba Group

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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