Alibaba Group (NYSE:BABA) Stock Price Up 4.1% – Still a Buy?

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) rose 4.1% during trading on Tuesday . The company traded as high as $126.35 and last traded at $130.59. Approximately 9,224,858 shares were traded during trading, a decline of 25% from the average daily volume of 12,373,636 shares. The stock had previously closed at $125.4880.

Trending Headlines about Alibaba Group

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BABA. Wall Street Zen raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a report on Wednesday, May 27th. Barclays upped their target price on shares of Alibaba Group from $186.00 to $195.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. HSBC upped their target price on shares of Alibaba Group from $172.00 to $180.00 in a report on Thursday, May 14th. Finally, Morgan Stanley upped their target price on shares of Alibaba Group from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $188.76.

Read Our Latest Research Report on Alibaba Group

Alibaba Group Stock Down 2.5%

The stock’s fifty day moving average is $131.01 and its two-hundred day moving average is $145.72. The firm has a market cap of $305.87 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21.

Alibaba Group (NYSE:BABAGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The firm 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%. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 6.75 earnings per share for the current year.

Alibaba Group Announces Dividend

The business also recently declared an annual dividend, which will be paid on Monday, July 13th. Stockholders 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 dividend yield of 72.0%. Alibaba Group’s dividend payout ratio is presently 15.60%.

Hedge Funds Weigh In On Alibaba Group

A number of institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at $37,565,000. Great Hill Capital LLC bought a new position in shares of Alibaba Group during the 3rd quarter valued at $2,207,000. Jennison Associates LLC grew its holdings in shares of Alibaba Group by 11.9% during the 4th quarter. Jennison Associates LLC now owns 54,235 shares of the specialty retailer’s stock valued at $7,950,000 after purchasing an additional 5,760 shares during the last quarter. Thornburg Investment Management Inc. grew its holdings in shares of Alibaba Group by 14.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 553,384 shares of the specialty retailer’s stock valued at $98,906,000 after purchasing an additional 69,232 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Alibaba Group during the 4th quarter valued at $21,266,000. Institutional investors own 13.47% of the company’s stock.

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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