Alibaba Group (NYSE:BABA) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Alibaba Group (NYSE:BABAFree Report) from a hold rating to a buy rating in a research note published on Saturday morning.

Other equities analysts also recently issued research reports about the company. Loop Capital set a $176.00 target price on Alibaba Group in a research report on Friday, May 16th. Mizuho decreased their target price on Alibaba Group from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Barclays upped their target price on Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Benchmark decreased their target price on Alibaba Group from $190.00 to $176.00 and set a “buy” rating on the stock in a research report on Friday, May 16th. Finally, Citigroup decreased their target price on Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $154.21.

View Our Latest Report on Alibaba Group

Alibaba Group Price Performance

Alibaba Group stock opened at $112.71 on Friday. Alibaba Group has a 12 month low of $71.80 and a 12 month high of $148.43. The stock’s 50 day moving average is $118.35 and its 200-day moving average is $111.10. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $268.93 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date of this dividend is Thursday, June 12th. Alibaba Group’s payout ratio is presently 13.83%.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 1248 Management LLC bought a new stake in Alibaba Group during the first quarter worth $26,000. North Ridge Wealth Advisors Inc. bought a new stake in Alibaba Group during the first quarter worth $26,000. Summit Securities Group LLC lifted its stake in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 59,000 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Alibaba Group during the first quarter worth $26,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 196 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Company Profile

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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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