Alibaba Group (NYSE:BABA) Sees Unusually-High Trading Volume After Dividend Announcement

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) saw an uptick in trading volume on Wednesday after the company announced a dividend. 10,160,632 shares were traded during trading, a decline of 12% from the previous session’s volume of 11,492,016 shares.The stock last traded at $143.5470 and had previously closed at $134.78.

The newly announced dividend which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 11th will be issued a dividend of $1.05 per share. This represents a yield of 72.0%. The ex-dividend date is Thursday, June 11th. Alibaba Group’s dividend payout ratio is presently 17.92%.

Analysts Set New Price Targets

Several brokerages have issued reports on BABA. Nomura increased their target price on Alibaba Group from $193.00 to $237.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Susquehanna lowered their price objective on Alibaba Group from $190.00 to $170.00 and set a “positive” rating for the company in a research report on Thursday, March 26th. Zacks Research downgraded Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 22nd. Arete Research raised Alibaba Group from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a report on Wednesday, January 21st. Finally, Mizuho lifted their target price on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Get Our Latest Analysis on Alibaba Group

Alibaba Group Price Performance

The company has a market capitalization of $338.45 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 2.52 and a beta of 0.50. The stock has a fifty day simple moving average of $131.65 and a 200-day simple moving average of $149.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.33.

Alibaba Group (NYSE:BABAGet Free Report) last posted its earnings results on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.82%. The firm had revenue of $35.30 billion during the quarter. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 6.7 EPS for the current year.

Key Stories Impacting Alibaba Group

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

Hedge Funds Weigh In On Alibaba Group

Large investors have recently bought and sold shares of the business. Ameriflex Group Inc. raised its holdings in Alibaba Group by 101.4% in the 3rd quarter. Ameriflex Group Inc. now owns 143 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 72 shares during the period. Hoey Investments Inc. raised its stake in shares of Alibaba Group by 95.2% during the 1st 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 period. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Alibaba Group during the 3rd quarter worth approximately $30,000. NBT Bank N A NY raised its stake in shares of Alibaba Group by 231.5% during the 3rd quarter. NBT Bank N A NY now owns 179 shares of the specialty retailer’s stock worth $32,000 after buying an additional 125 shares during the period. Finally, Costello Asset Management INC acquired a new position in shares of Alibaba Group during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

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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