Alibaba Group (NYSE:BABA) Trading Down 0.7%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded down 0.7% on Tuesday . The stock traded as low as $74.10 and last traded at $74.29. 4,280,217 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 17,899,932 shares. The stock had previously closed at $74.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. 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. Citigroup reduced their target price on shares of Alibaba Group from $124.00 to $122.00 and set a "buy" rating for the company in a research note on Wednesday, May 15th. Benchmark reiterated a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Wednesday, May 15th. Loop Capital increased their price target on shares of Alibaba Group from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Alibaba Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $108.79.

Alibaba Group Trading Down 1.3 %

The stock has a market capitalization of $187.29 billion, a P/E ratio of 17.21, a PEG ratio of 0.45 and a beta of 0.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.79 and a quick ratio of 1.79. The business's 50 day simple moving average is $78.00 and its 200-day simple moving average is $75.00.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm had revenue of $30.73 billion for the quarter, compared to analysts' expectations of $30.59 billion. As a group, analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current year.

Alibaba Group Announces Dividend

The company also recently declared a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be given a dividend of $1.66 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a dividend yield of 3%. Alibaba Group's dividend payout ratio is 22.84%.

Hedge Funds Weigh In On Alibaba Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Baystate Wealth Management LLC boosted its position in shares of 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 purchasing an additional 216 shares in the last quarter. EdgeRock Capital LLC bought a new position in shares of Alibaba Group during the fourth quarter worth $26,000. Anchor Investment Management LLC bought a new position in shares of Alibaba Group during the fourth quarter worth $31,000. Register Financial Advisors LLC bought a new position in shares of Alibaba Group during the first quarter worth $31,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Alibaba Group during the fourth quarter worth $32,000. 13.47% of the stock is owned by 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.