Alibaba Group (NYSE:BABA) Shares Down 1.5% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABAGet Free Report)’s share price fell 1.5% during mid-day trading on Friday . The stock traded as low as $123.43 and last traded at $124.2720. 11,889,323 shares traded hands during trading, an increase of 0% from the average session volume of 11,857,958 shares. The stock had previously closed at $126.16.

More Alibaba Group News

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BABA. Mizuho raised their price target on Alibaba Group from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. BNP Paribas Exane began coverage on Alibaba Group in a report on Wednesday, April 29th. They set an “outperform” rating and a $209.00 price target for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a report on Wednesday. Robert W. Baird cut their price target on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Finally, Jefferies Financial Group cut their price target on Alibaba Group from $225.00 to $212.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $188.76.

View Our Latest Research Report on BABA

Alibaba Group Stock Down 1.5%

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $298.13 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.16 and a beta of 0.50. The stock has a fifty day moving average price of $130.81 and a two-hundred day moving average price of $146.52.

Alibaba Group (NYSE:BABAGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%.The company had revenue of $35.30 billion for the quarter. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 6.67 EPS for the current year.

Alibaba Group Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. increased its position in shares of Alibaba Group by 101.4% in the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares during the period. Hoey Investments Inc. increased its position in shares of Alibaba Group by 95.2% in the first 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. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alibaba Group in the third quarter worth $30,000. Costello Asset Management INC bought a new position in shares of Alibaba Group in the fourth quarter worth $34,000. Finally, Palisade Asset Management LLC bought a new position in Alibaba Group in the third quarter valued at about $37,000. Institutional investors own 13.47% of the company’s stock.

About Alibaba Group

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.