Alibaba Group (NYSE:BABA) Shares Down 0.1%

Alibaba Group Holding Limited (NYSE:BABAGet Free Report)’s stock price fell 0.1% on Wednesday . The company traded as low as $73.85 and last traded at $74.46. 10,305,285 shares traded hands during trading, a decline of 33% from the average session volume of 15,489,059 shares. The stock had previously closed at $74.55.

Analyst Ratings Changes

A number of analysts recently weighed in on BABA shares. Loop Capital increased their price objective on shares of Alibaba Group from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Benchmark reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Wednesday, May 15th. JPMorgan Chase & Co. dropped their price objective on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Truist Financial dropped their price objective on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Barclays dropped their price objective on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.79.

Check Out Our Latest Analysis on BABA

Alibaba Group Stock 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 company’s 50-day moving average price is $77.80 and its two-hundred day moving average price is $74.93. The company has a market cap of $188.94 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 0.46 and a beta of 0.38.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The company had revenue of $30.73 billion during the quarter, compared to analyst estimates of $30.59 billion. As a group, equities 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. Shareholders of record on Thursday, June 13th will be issued a $1.66 dividend. This represents a dividend yield of 3%. The ex-dividend date is Thursday, June 13th. Alibaba Group’s payout ratio is 22.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of Alibaba Group by 13.8% in the third quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after buying an additional 1,406,491 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Alibaba Group by 2.2% in the fourth quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock worth $76,951,000 after buying an additional 21,228 shares during the period. Cerity Partners LLC boosted its holdings in shares of Alibaba Group by 299.9% in the fourth quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after buying an additional 62,163 shares during the period. Ramirez Asset Management Inc. acquired a new position in shares of Alibaba Group in the third quarter worth about $7,836,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Alibaba Group in the fourth quarter worth approximately $1,449,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group

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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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