Alibaba Group (NYSE:BABA) Sees Unusually-High Trading Volume After Dividend Announcement

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) saw unusually-high trading volume on Wednesday after the company announced a dividend. Approximately 10,160,632 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 11,492,016 shares.The stock last traded at $143.5470 and had previously closed at $134.78.

The newly announced dividend which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a yield of 72.0%. Alibaba Group’s dividend payout ratio is 17.92%.

Analyst Upgrades and Downgrades

BABA has been the subject of a number of recent research reports. Robert W. Baird reduced their price target on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Wednesday, January 21st. Mizuho upped their price objective on Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday. Freedom Capital raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Read Our Latest Report on Alibaba Group

Alibaba Group Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50-day simple moving average is $131.65 and its 200-day simple moving average is $149.49. The stock has a market capitalization of $338.45 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.52 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.82%. The firm had revenue of $35.30 billion for the quarter. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 6.7 EPS for the current fiscal year.

Alibaba Group News Roundup

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

Institutional Investors Weigh In On Alibaba Group

A number of large investors have recently added to or reduced their stakes in BABA. Ameriflex Group Inc. raised its stake in Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 72 shares during the period. Hoey Investments Inc. raised its stake in Alibaba Group by 95.2% in the 1st quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in Alibaba Group in the 3rd quarter valued at $30,000. NBT Bank N A NY raised its stake in Alibaba Group by 231.5% in the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock valued at $32,000 after acquiring an additional 125 shares during the period. Finally, Costello Asset Management INC bought a new stake in Alibaba Group in the 4th quarter valued at $34,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.