Alibaba Group Holding Limited (NYSE:BABA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-three brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, sixteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $188.7619.

A number of analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. HSBC boosted their target price on shares of Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. Susquehanna boosted their target price on shares of Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a report on Friday, May 15th. Barclays boosted their target price on shares of Alibaba Group from $186.00 to $195.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd.

Read Our Latest Research Report on BABA

Key Alibaba Group News

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

Alibaba Group Stock Performance

BABA stock opened at $127.74 on Thursday. The company has a market capitalization of $306.45 billion, a P/E ratio of 20.97, a PEG ratio of 2.25 and a beta of 0.50. The company has a 50-day simple moving average of $131.22 and a 200 day simple moving average of $146.96. Alibaba Group has a fifty-two week low of $103.71 and a fifty-two week high of $192.67. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share 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 during the quarter. Sell-side analysts predict that Alibaba Group will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, June 11th will be issued a $1.05 dividend. This represents a dividend yield of 72.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s payout ratio is presently 15.60%.

Institutional Trading of Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriflex Group Inc. raised its holdings in Alibaba Group by 101.4% during the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after buying an additional 72 shares during the period. Hoey Investments Inc. raised its holdings in Alibaba Group by 95.2% during the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after buying an additional 100 shares during the period. Foster Dykema Cabot & Partners LLC acquired a new stake in Alibaba Group during the 3rd quarter worth about $30,000. Costello Asset Management INC acquired a new stake in Alibaba Group during the 4th quarter worth about $34,000. Finally, Palisade Asset Management LLC acquired a new stake in Alibaba Group during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Company Profile

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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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