Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) traded down 1.4% during mid-day trading on Tuesday . The stock traded as low as $109.05 and last traded at $110.9880. 13,347,547 shares traded hands during trading, an increase of 13% from the average session volume of 11,762,762 shares. The stock had previously closed at $112.55.
Key Stories Impacting Alibaba Group
Here are the key news stories impacting Alibaba Group this week:
- Positive Sentiment: Alibaba unveiled its first suite of AI models built for robots, signaling a bigger push into “physical AI” beyond chatbots and positioning the company for the next wave of enterprise AI spending. Reuters article
- Positive Sentiment: Reports that Michael Burry boosted his Alibaba stake and called it China’s “most advanced” AI company could support investor confidence in the stock’s long-term AI and buyback story. Stocktwits article
- Positive Sentiment: Alibaba is reportedly looking to acquire Chinese grocery delivery company Pupu, which could expand its commerce and local services footprint if the deal goes through. Benzinga article
- Neutral Sentiment: Alibaba also announced AI support tools for small and medium-sized businesses, reinforcing its cloud and merchant-services strategy but with unclear near-term earnings impact. Dawn article
- Negative Sentiment: Chinese regulators publicly rebuked Alibaba and JD.com over misleading discount practices during the 618 shopping festival, renewing concerns about regulatory scrutiny and consumer-trust issues. Barchart article
- Negative Sentiment: Some investors appear unconvinced that Alibaba’s new robotics AI push will translate into an immediate stock catalyst, as premarket weakness reflected a cautious reaction to the announcement. Stocktwits article
Analysts Set New Price Targets
Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Alibaba Group from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Susquehanna upped their price target on shares of Alibaba Group from $170.00 to $185.00 and gave the stock a “positive” rating in a research report on Friday, May 15th. Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Mizuho upped their price target on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Freedom Capital raised shares of Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $188.76.
Alibaba Group Price Performance
The company has a market capitalization of $266.27 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.94 and a beta of 0.48. The company’s 50-day moving average price is $129.88 and its two-hundred day moving average price is $143.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.28.
Alibaba Group (NYSE:BABA – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share for the quarter. The company had revenue of $35.30 billion for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 6.75 EPS for the current year.
Alibaba Group Dividend Announcement
The firm also recently declared 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. This represents a yield of 93.0%. The ex-dividend date of this dividend is Thursday, June 11th. Alibaba Group’s dividend payout ratio (DPR) is currently 16.91%.
Hedge Funds Weigh In On Alibaba Group
A number of hedge funds have recently bought and sold shares of the business. Bleakley Financial Group LLC increased its position in Alibaba Group by 0.4% during the fourth quarter. Bleakley Financial Group LLC now owns 16,420 shares of the specialty retailer’s stock worth $2,407,000 after acquiring an additional 67 shares during the period. Ameriflex Group Inc. increased its position in Alibaba Group by 101.4% during the third quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 72 shares during the period. Highline Wealth Partners LLC increased its position in Alibaba Group by 20.7% during the fourth quarter. Highline Wealth Partners LLC now owns 426 shares of the specialty retailer’s stock worth $62,000 after acquiring an additional 73 shares during the period. TrueWealth Financial Partners increased its position in Alibaba Group by 1.7% during the third quarter. TrueWealth Financial Partners now owns 4,361 shares of the specialty retailer’s stock worth $779,000 after acquiring an additional 75 shares during the period. Finally, Cypress Wealth Services LLC increased its position in Alibaba Group by 5.6% during the fourth quarter. Cypress Wealth Services LLC now owns 1,418 shares of the specialty retailer’s stock worth $208,000 after acquiring an additional 75 shares during the period. 13.47% of the stock is owned by institutional investors.
About Alibaba Group
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.
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