Analysts Set Alibaba Group Holding Limited (NYSE:BABA) Price Target at $188.76

Shares of Alibaba Group Holding Limited (NYSE:BABAGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $187.3810.

A number of equities research analysts have commented on BABA shares. Zacks Research upgraded shares of Alibaba Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Susquehanna upped their price objective on shares of Alibaba Group from $170.00 to $185.00 and gave the company a “positive” rating in a report on Friday, May 15th. Argus raised shares of Alibaba Group to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday, May 27th. Finally, Freedom Capital raised Alibaba Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th.

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Key Headlines Impacting Alibaba Group

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

Alibaba Group Price Performance

Alibaba Group stock opened at $94.83 on Monday. The stock has a market capitalization of $227.51 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.65 and a beta of 0.47. Alibaba Group has a 52-week low of $91.99 and a 52-week high of $192.67. The stock’s 50 day moving average price is $125.73 and its two-hundred day moving average price is $140.10. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.28 and a current ratio of 1.28.

Alibaba Group (NYSE:BABAGet Free Report) last released its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share 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 during the quarter. On average, equities analysts predict that Alibaba Group will post 6.69 earnings per share for the current year.

Alibaba Group Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Monday, July 13th. Stockholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. The ex-dividend date is Thursday, June 11th. This represents a dividend yield of 93.0%. Alibaba Group’s payout ratio is currently 16.91%.

Hedge Funds Weigh In On Alibaba Group

A number of large investors have recently modified their holdings of BABA. Ameriflex Group Inc. grew its position in Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 72 shares during the period. Hoey Investments Inc. raised its holdings in Alibaba Group by 95.2% during the first quarter. Hoey Investments Inc. now owns 205 shares of the specialty retailer’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Alibaba Group in the third quarter valued at $30,000. Costello Asset Management INC acquired a new position in shares of Alibaba Group during the fourth quarter valued at about $34,000. Finally, Palisade Asset Management LLC acquired a new position in shares of Alibaba Group during the third quarter valued at about $37,000. 13.47% of the stock is currently owned by institutional investors.

About Alibaba Group

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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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