Alibaba Group Holding Limited (NYSE:BABA – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Monday after Robert W. Baird lowered their price target on the stock from $95.00 to $90.00. Robert W. Baird currently has an outperform rating on the stock. Alibaba Group traded as low as $66.63 and last traded at $67.87, with a volume of 6761756 shares changing hands. The stock had previously closed at $69.42.
BABA has been the subject of several other research reports. Truist Financial reduced their price objective on shares of Alibaba Group from $126.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Citigroup dropped their price target on shares of Alibaba Group from $151.00 to $147.00 in a research report on Monday, October 9th. Mizuho decreased their price objective on shares of Alibaba Group from $120.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 17th. StockNews.com started coverage on shares of Alibaba Group in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Finally, Susquehanna cut their target price on shares of Alibaba Group from $160.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.80.
Institutional Investors Weigh In On Alibaba Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC acquired a new position in shares of Alibaba Group in the 3rd quarter valued at approximately $26,000. Brown Shipley& Co Ltd boosted its stake in shares of Alibaba Group by 3.2% during the 2nd quarter. Brown Shipley& Co Ltd now owns 6,565 shares of the specialty retailer’s stock worth $27,000 after buying an additional 202 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth about $27,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Alibaba Group by 116.7% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 325 shares of the specialty retailer’s stock worth $28,000 after buying an additional 175 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 14.22% of the company’s stock.
Alibaba Group Trading Down 2.6 %
The company has a market cap of $171.54 billion, a price-to-earnings ratio of 9.61 and a beta of 0.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.94 and a current ratio of 1.94. The firm has a fifty day moving average price of $74.90 and a 200 day moving average price of $84.17.
Alibaba Group (NYSE:BABA – Get Free Report) last announced its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $15.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.28 by $0.35. Alibaba Group had a return on equity of 12.83% and a net margin of 14.49%. The business had revenue of $224.79 billion during the quarter, compared to the consensus estimate of $224.48 billion. During the same quarter last year, the firm posted $1.50 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts predict that Alibaba Group Holding Limited will post 7.94 EPS for the current fiscal year.
Alibaba Group Dividend Announcement
The firm also recently declared a — dividend, which was paid on Thursday, January 18th. Shareholders of record on Thursday, December 21st were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, December 20th. Alibaba Group’s dividend payout ratio is 13.57%.
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.