Alibaba Group (NYSE:BABA) Stock Price Up 1% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA) shares shot up 1% during mid-day trading on Monday . The stock traded as high as $126.35 and last traded at $125.4880. 8,631,622 shares were traded during trading, a decline of 27% from the average session volume of 11,832,521 shares. The stock had previously closed at $124.22.

Alibaba Group News Summary

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

• Positive Sentiment: Alibaba announced it will become UEFA’s exclusive AI and cloud partner, a multi-year deal that could boost the company’s international cloud visibility and showcase its AI-powered media and event technology. Alibaba becomes UEFA’s exclusive AI and cloud partner
• Positive Sentiment: The company also signed a six-year AI agreement with UEFA that will bring 360-degree replay technology to major events, adding another signal that Alibaba is deepening monetization of its AI capabilities. Alibaba Group signs 6-year AI deal with Uefa, will bring 360 replay tech to major events
• Positive Sentiment: Alibaba continues to highlight its AI and cloud ambitions through product and engineering efforts, including work to optimize Android 16 for RISC-V chips, which may appeal to investors looking for long-term platform and infrastructure growth. Alibaba optimizes Android 16 for RISC-V chips
• Neutral Sentiment: Alibaba granted new employee share awards under its 2024 plan, a routine retention and incentive move that is not likely to materially change near-term fundamentals. Alibaba Grants New Employee Share Awards Under 2024 Plan
• Neutral Sentiment: Broader China headlines point to improving luxury demand and a cooling Meituan subsidy war, which may support sentiment toward Chinese consumer and internet names, including Alibaba, but do not directly change its outlook. China Luxury Demand Rebound Sends Fresh Signal To Investors Meituan Loss Shrinks To 6.5 Billion Yuan As Subsidy War Cools

Analyst Ratings Changes

BABA has been the topic of a number of recent research reports. Mizuho boosted their price target on shares of Alibaba Group from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Barclays lifted their price objective on shares of Alibaba Group from $186.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Alibaba Group in a research note on Wednesday. Nomura raised their price target on shares of Alibaba Group from $200.00 to $207.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Erste Group Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average price target of $188.76.

Alibaba Group Stock Up 1.0%

The firm’s fifty day simple moving average is $130.81 and its 200 day simple moving average is $146.39. 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 $301.06 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.16 and a beta of 0.48.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Tuesday, March 31st. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $35.30 billion during the quarter. Alibaba Group had a net margin of 10.31% and a return on equity of 4.76%. Sell-side analysts predict that Alibaba Group Holding Limited will post 6.67 earnings per share for the current year.

Alibaba Group Announces Dividend

The firm also recently declared an annual 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 of this dividend is Thursday, June 11th. Alibaba Group’s payout ratio is 15.60%.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently made changes to their positions in BABA. Capital World Investors lifted its stake in Alibaba Group by 7.7% during the fourth quarter. Capital World Investors now owns 6,505,165 shares of the specialty retailer’s stock worth $953,527,000 after purchasing an additional 466,847 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Alibaba Group by 7,680.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock valued at $881,554,000 after purchasing an additional 5,936,847 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Alibaba Group by 0.8% during the fourth quarter. Fisher Asset Management LLC now owns 5,335,894 shares of the specialty retailer’s stock worth $782,135,000 after purchasing an additional 42,297 shares in the last quarter. Norges Bank acquired a new stake in Alibaba Group during the fourth quarter worth approximately $594,477,000. Finally, American Century Companies Inc. lifted its position in shares of Alibaba Group by 17.7% during the 3rd quarter. American Century Companies Inc. now owns 2,987,539 shares of the specialty retailer’s stock worth $533,964,000 after buying an additional 448,484 shares during the last quarter. Institutional investors and hedge funds own 13.47% of the company’s stock.

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.