Alibaba Group Holding Limited (NYSE:BABA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $188.7619.

Several analysts have commented on BABA shares. Susquehanna lifted their price objective on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a research note on Friday, May 15th. Zacks Research raised shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Nomura upped their target price on shares of Alibaba Group from $200.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group reduced their target price on shares of Alibaba Group from $225.00 to $212.00 and set a “buy” rating on the stock in a report on Thursday, March 19th. Finally, Morgan Stanley raised their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, May 14th.

Read Our Latest Stock Analysis on Alibaba Group

Alibaba Group Trading Up 0.1%

NYSE BABA opened at $107.22 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $257.23 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.84 and a beta of 0.48. The company’s 50-day simple moving average is $128.75 and its two-hundred day simple moving average is $142.06. Alibaba Group has a one year low of $103.71 and a one year high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last posted its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. Equities analysts forecast that Alibaba Group will post 6.75 EPS for the current fiscal year.

Alibaba Group Announces Dividend

The company 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. The ex-dividend date of this dividend is Thursday, June 11th. This represents a yield of 93.0%. Alibaba Group’s dividend payout ratio (DPR) is 16.91%.

Institutional Trading of Alibaba Group

Several hedge funds have recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in Alibaba Group by 7.7% in the fourth quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock valued at $953,527,000 after acquiring an additional 466,847 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Alibaba Group by 7,680.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after acquiring an additional 5,936,847 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Alibaba Group by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock valued at $782,135,000 after acquiring an additional 42,297 shares in the last quarter. Norges Bank acquired a new stake in Alibaba Group in the fourth quarter valued at approximately $594,477,000. Finally, American Century Companies Inc. increased its stake in Alibaba Group by 17.7% in the third quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock valued at $533,964,000 after purchasing an additional 448,484 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Key Headlines Impacting Alibaba Group

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

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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