Alibaba Group (NYSE:BABA) Trading Up 3%

Alibaba Group Holding Limited (NYSE:BABA) shares rose 3% during mid-day trading on Thursday . The stock traded as high as $78.83 and last traded at $78.30. Approximately 7,839,130 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 17,442,943 shares. The stock had previously closed at $76.01.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Bank of America boosted their price target on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Barclays dropped their target price on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Citigroup reduced their price target on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 price objective on shares of Alibaba Group in a research note on Tuesday, April 9th. Finally, Truist Financial cut their target price on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.79.

Alibaba Group Price Performance

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The stock has a market cap of $199.24 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 0.45 and a beta of 0.33. The business has a 50-day simple moving average of $78.26 and a 200 day simple moving average of $75.03.

Alibaba Group (NYSE:BABA) last announced its earnings results 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 business had revenue of $30.73 billion for the quarter, compared to analysts’ expectations of $30.59 billion. On average, analysts forecast 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 will be paid on Friday, July 12th. Investors of record on Thursday, June 13th will be paid a dividend of $1.66 per share. This represents a yield of 3%. The ex-dividend date of this dividend is Thursday, June 13th. Alibaba Group’s dividend payout ratio is presently 22.84%.

Institutional Trading of Alibaba Group

Institutional investors have recently bought and sold shares of the company. Baystate Wealth Management LLC lifted its position in shares of Alibaba Group by 184.6% during 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. EdgeRock Capital LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $26,000. Anchor Investment Management LLC bought a new position in shares of Alibaba Group during the 4th quarter worth about $31,000. Headinvest LLC acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at about $35,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Alibaba Group in the 4th quarter valued at about $32,000. 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.