Alibaba Group (NYSE:BABA) Stock Price Down 1.6%

Alibaba Group Holding Limited (NYSE:BABA) dropped 1.6% on Monday . The company traded as low as $77.45 and last traded at $78.39. Approximately 4,146,718 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 17,406,941 shares. The stock had previously closed at $79.65.

Wall Street Analyst Weigh In

BABA has been the topic of a number of research analyst reports. Barclays decreased their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, May 16th. Truist Financial cut their price objective on Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Mizuho cut their price objective on Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Bank of America upped 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, Benchmark reiterated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.79.

Alibaba Group Stock Performance

The stock has a market capitalization of $195.51 billion, a PE ratio of 18.01, a PEG ratio of 0.48 and a beta of 0.33. The business has a 50 day moving average price of $78.10 and a 200 day moving average price of $75.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 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 company had revenue of $30.73 billion for the quarter, compared to analysts’ expectations of $30.59 billion. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Baystate Wealth Management LLC boosted its position in Alibaba Group by 184.6% in the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the period. EdgeRock Capital LLC bought a new position in shares of Alibaba Group in the fourth quarter worth about $26,000. Anchor Investment Management LLC bought a new position in shares of Alibaba Group in the fourth quarter worth about $31,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Alibaba Group in the fourth quarter worth about $32,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

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.