Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $108.79.
A number of brokerages have issued reports on BABA. Bank of America lifted their price objective on Alibaba Group from $99.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, May 16th. Loop Capital lifted their price objective on Alibaba Group from $111.00 to $115.00 and gave the company a "buy" rating in a report on Thursday, June 6th. Benchmark reissued a "buy" rating and set a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. Barclays cut their price objective on Alibaba Group from $109.00 to $107.00 and set an "overweight" rating for the company in a report on Thursday, May 16th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $85.00 price target on shares of Alibaba Group in a report on Tuesday, April 9th.
Check Out Our Latest Analysis on Alibaba Group
Institutional Trading of Alibaba Group
Several large investors have recently modified their holdings of BABA. Baystate Wealth Management LLC raised its position in shares of Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 216 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in Alibaba Group during the fourth quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new stake in Alibaba Group during the fourth quarter worth approximately $31,000. Headinvest LLC acquired a new stake in Alibaba Group during the third quarter worth approximately $35,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Alibaba Group during the fourth quarter worth approximately $32,000. 13.47% of the stock is owned by institutional investors and hedge funds.
Alibaba Group Stock Performance
BABA traded down $1.80 during trading on Thursday, reaching $72.37. 11,742,904 shares of the company's stock were exchanged, compared to its average volume of 17,864,994. Alibaba Group has a fifty-two week low of $66.63 and a fifty-two week high of $102.50. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $78.10 and a 200 day moving average price of $74.99. The company has a market capitalization of $183.64 billion, a P/E ratio of 16.87, a PEG ratio of 0.46 and a beta of 0.38.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. As a group, analysts predict that Alibaba Group will post 6.96 earnings per share for the current fiscal year.
Alibaba Group Dividend Announcement
The company also recently disclosed a None dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 13th will be issued a $1.66 dividend. This represents a yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group's dividend payout ratio is 22.84%.
About Alibaba Group
(Get Free Report
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.
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