Alibaba Group (NYSE:BABA) Trading Up 1.6%

Shares of Alibaba Group Holding Limited (NYSE:BABA) were up 1.6% on Monday . The stock traded as high as $81.29 and last traded at $81.26. Approximately 3,563,965 shares were traded during trading, a decline of 78% from the average daily volume of 16,542,613 shares. The stock had previously closed at $79.99.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BABA shares. Jefferies Financial Group restated a “buy” rating and issued a $116.00 price target on shares of Alibaba Group in a report on Friday, July 26th. Bank of America increased their target price on Alibaba Group from $99.00 to $103.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Benchmark reiterated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Wednesday, May 15th. 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. Finally, Mizuho reduced their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.09.

Alibaba Group Stock Performance

The stock has a market capitalization of $205.33 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 0.48 and a beta of 0.32. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $76.44 and its 200 day simple moving average is $75.72.

Alibaba Group (NYSE:BABA) last announced its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The company had revenue of $30.73 billion for the quarter, compared to analyst estimates of $30.59 billion. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. On average, equities research analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share for the current year.

Alibaba Group Dividend Announcement

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

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds have recently added to or reduced their stakes in BABA. International Assets Investment Management LLC increased its stake in Alibaba Group by 168.6% in the fourth quarter. International Assets Investment Management LLC now owns 10,245 shares of the specialty retailer’s stock valued at $794,000 after acquiring an additional 6,431 shares during the last quarter. Cerity Partners LLC boosted 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 valued at $6,428,000 after purchasing an additional 62,163 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth $232,000. Baystate Wealth Management LLC raised its stake in Alibaba Group by 184.6% during the fourth quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 216 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Alibaba Group by 13.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 3,216 shares of the specialty retailer’s stock worth $249,000 after acquiring an additional 370 shares during the last quarter. Institutional investors own 13.47% of the company’s stock.

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.