Alibaba Group (NYSE:BABA) Trading 1.6% Higher – Still a Buy?

Alibaba Group Holding Limited (NYSE:BABA) traded up 1.6% during trading on Monday . The company traded as high as $121.46 and last traded at $121.27. 2,660,207 shares traded hands during trading, a decline of 87% from the average session volume of 19,978,482 shares. The stock had previously closed at $119.38.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BABA shares. Mizuho dropped their price target on shares of Alibaba Group from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Arete Research raised Alibaba Group to a “strong-buy” rating in a research note on Friday, February 28th. Morgan Stanley set a $180.00 target price on Alibaba Group in a research note on Wednesday, May 14th. Loop Capital set a $176.00 price target on Alibaba Group in a report on Friday, May 16th. Finally, Citigroup cut their price objective on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $154.21.

Alibaba Group Stock Up 2.2%

The business has a 50-day moving average price of $118.11 and a 200 day moving average price of $110.11. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $291.23 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.61 and a beta of 0.22.

Alibaba Group Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be paid a dividend of $0.95 per share. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group’s payout ratio is 13.83%.

Hedge Funds Weigh In On Alibaba Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC increased its stake in Alibaba Group by 40.4% during the fourth quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer’s stock worth $289,000 after acquiring an additional 981 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Alibaba Group in the 4th quarter worth approximately $6,478,000. Bleakley Financial Group LLC increased its position in shares of Alibaba Group by 7.1% during the 4th quarter. Bleakley Financial Group LLC now owns 11,846 shares of the specialty retailer’s stock valued at $1,004,000 after purchasing an additional 790 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Alibaba Group during the 4th quarter valued at approximately $265,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Alibaba Group during the 4th quarter valued at $3,020,000. 13.47% of the stock is owned by hedge funds and other 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.