Brokerages Set Alibaba Group Holding Limited (NYSE:BABA) PT at $188.76

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) has received an average rating of “Moderate Buy” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $188.7619.

Several research analysts have recently issued reports on BABA shares. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Erste Group Bank cut shares of Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. Robert W. Baird lowered their target price on shares of Alibaba Group from $174.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Zacks Research cut shares of Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Finally, Argus upgraded shares of Alibaba Group to a “hold” rating in a report on Tuesday, March 24th.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Lavelle Capital LP acquired a new position in shares of Alibaba Group in the 1st quarter valued at $420,000. GKV Capital Management Co. Inc. grew its position in Alibaba Group by 0.9% during the 1st quarter. GKV Capital Management Co. Inc. now owns 24,867 shares of the specialty retailer’s stock worth $3,120,000 after purchasing an additional 217 shares during the last quarter. TrueWealth Financial Partners purchased a new position in Alibaba Group during the 1st quarter worth $595,000. Orographic Financial Advisors LLC purchased a new position in Alibaba Group during the 1st quarter worth $265,000. Finally, Genesis Financial Group LLC grew its position in Alibaba Group by 33.3% during the 1st quarter. Genesis Financial Group LLC now owns 14,735 shares of the specialty retailer’s stock worth $1,849,000 after purchasing an additional 3,680 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

Key Stories Impacting Alibaba Group

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

Alibaba Group Trading Up 1.0%

Shares of NYSE:BABA opened at $125.49 on Thursday. Alibaba Group has a 52 week low of $103.71 and a 52 week high of $192.67. The company’s 50 day moving average is $130.82 and its two-hundred day moving average is $146.14. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $301.05 billion, a PE ratio of 20.61, a P/E/G ratio of 2.16 and a beta of 0.50.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 EPS for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. The company had revenue of $35.30 billion for the quarter. Equities analysts predict that Alibaba Group will post 6.67 earnings per share for the current fiscal year.

Alibaba Group Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be issued a $1.05 dividend. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 72.0%. Alibaba Group’s dividend payout ratio is presently 16.91%.

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.

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Analyst Recommendations for Alibaba Group (NYSE:BABA)

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