Alibaba Group (NYSE:BABA) Trading Down 1.7%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares dropped 1.7% during mid-day trading on Monday . The stock traded as low as $72.99 and last traded at $73.25. Approximately 4,147,429 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 17,527,951 shares. The stock had previously closed at $74.52.

Wall Street Analysts Forecast Growth

BABA has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $85.00 price target on shares of Alibaba Group in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their target price on Alibaba Group from $105.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, April 9th. Bank of America boosted their target price on Alibaba Group from $99.00 to $103.00 and gave the stock a "buy" rating in a research report on Thursday, May 16th. Truist Financial decreased their target price on Alibaba Group from $113.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, May 15th. Finally, Mizuho decreased their target price on Alibaba Group from $95.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $108.79.

Alibaba Group Trading Down 1.4 %

The company has a market capitalization of $186.51 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.46 and a beta of 0.33. The stock has a 50 day moving average of $78.24 and a 200-day moving average of $75.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13.

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

Alibaba Group Announces Dividend

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

Institutional Trading of Alibaba Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Primecap Management Co. CA lifted its position in shares of Alibaba Group by 5.1% during the fourth quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer's stock worth $1,412,618,000 after purchasing an additional 881,710 shares during the last quarter. Sanders Capital LLC increased its stake in shares of Alibaba Group by 5.4% during the fourth quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer's stock valued at $1,228,398,000 after buying an additional 819,019 shares during the period. FIL Ltd increased its stake in shares of Alibaba Group by 10.2% during the fourth quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer's stock valued at $823,986,000 after buying an additional 983,842 shares during the period. H&H International Investment LLC increased its stake in shares of Alibaba Group by 63.1% during the fourth quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer's stock valued at $384,390,000 after buying an additional 1,918,730 shares during the period. Finally, Norges Bank purchased a new position in shares of Alibaba Group during the fourth quarter valued at $329,367,000. 13.47% of the stock is currently 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.