Alibaba Group (NYSE:BABA) Stock Price Down 1.4%

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down 1.4% during mid-day trading on Monday . The company traded as low as $73.98 and last traded at $76.36. 7,178,102 shares were traded during mid-day trading, a decline of 57% from the average session volume of 16,721,145 shares. The stock had previously closed at $77.45.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a research report on Friday, July 26th. Benchmark reissued a “buy” rating and set a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. Truist Financial reduced their target price on Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Mizuho reduced their target price on Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Barclays reduced their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $109.19.

Alibaba Group Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $195.31 billion, a PE ratio of 17.80, a PEG ratio of 0.48 and a beta of 0.32. The stock’s 50-day moving average is $76.56 and its two-hundred day moving average is $75.46.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS 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 analysts’ expectations of $30.59 billion. On average, equities analysts predict that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Announces Dividend

The company also recently disclosed a None dividend, which was paid on Friday, July 12th. Stockholders of record on Thursday, June 13th were given a dividend of $1.66 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a dividend yield of 3%. Alibaba Group’s dividend payout ratio (DPR) is currently 22.84%.

Institutional Investors Weigh In On Alibaba Group

Several institutional investors have recently modified their holdings of BABA. Fiduciary Alliance LLC increased its position in Alibaba Group by 154.1% during the 1st quarter. Fiduciary Alliance LLC now owns 55,229 shares of the specialty retailer’s stock worth $4,052,000 after purchasing an additional 33,490 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Alibaba Group by 2.2% in the 4th quarter. Russell Investments Group Ltd. now owns 992,784 shares of the specialty retailer’s stock worth $76,951,000 after acquiring an additional 21,228 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in shares of Alibaba Group by 462.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 169,220 shares of the specialty retailer’s stock worth $12,275,000 after acquiring an additional 139,134 shares during the period. Cerity Partners LLC grew its holdings in shares of Alibaba Group by 299.9% in the 4th quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer’s stock worth $6,428,000 after acquiring an additional 62,163 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of Alibaba Group by 52,685.7% in the 1st quarter. ORG Partners LLC now owns 11,085 shares of the specialty retailer’s stock worth $813,000 after acquiring an additional 11,064 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

Alibaba Group Company Profile

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.