Alibaba Group Holding Limited (NYSE:BABA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-three analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $187.3810.

A number of research firms recently weighed in on BABA. Argus raised Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Robert W. Baird decreased their target price on Alibaba Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Wall Street Zen raised Alibaba Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Nomura decreased their target price on Alibaba Group from $207.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Barclays lifted their target price on Alibaba Group from $186.00 to $195.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th.

View Our Latest Stock Report on Alibaba Group

Alibaba Group News Roundup

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

Alibaba Group Trading Up 0.0%

Alibaba Group stock opened at $94.83 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day simple moving average is $125.73 and its 200-day simple moving average is $139.98. The firm has a market capitalization of $227.51 billion, a PE ratio of 15.57, a PEG ratio of 1.64 and a beta of 0.48. Alibaba Group has a 52 week low of $91.99 and a 52 week high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. The business had revenue of $35.30 billion for the quarter. Alibaba Group had a return on equity of 4.76% and a net margin of 10.31%. Equities research analysts forecast that Alibaba Group will post 6.69 earnings per share for the current year.

Alibaba Group Announces Dividend

The company also recently announced an annual dividend, which will be paid on Monday, July 13th. Investors 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 93.0%. Alibaba Group’s dividend payout ratio (DPR) is 16.91%.

Institutional Investors Weigh In On Alibaba Group

A number of institutional investors have recently added to or reduced their stakes in the company. Capital World Investors grew its position in Alibaba Group by 7.7% during the fourth quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock worth $953,527,000 after buying an additional 466,847 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Alibaba Group by 7,680.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after purchasing an additional 5,936,847 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Alibaba Group by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock valued at $782,135,000 after purchasing an additional 42,297 shares during the period. Norges Bank acquired a new position in shares of Alibaba Group in the 4th quarter worth approximately $594,477,000. Finally, American Century Companies Inc. raised its holdings in shares of Alibaba Group by 17.7% in the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock worth $533,964,000 after buying an additional 448,484 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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