Short Interest in Alibaba Group Holding Limited (NYSE:BABA) Grows By 12.6%

Alibaba Group Holding Limited (NYSE:BABAGet Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 52,400,000 shares, an increase of 12.6% from the May 15th total of 46,550,000 shares. Based on an average daily volume of 16,270,000 shares, the short-interest ratio is presently 3.2 days. Currently, 2.3% of the company’s stock are short sold.

Analyst Ratings Changes

A number of brokerages have weighed in on BABA. Morgan Stanley reissued an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. Mizuho lowered their price objective on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Truist Financial cut their target price on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. JPMorgan Chase & Co. dropped their price target on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 9th. Finally, Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.79.

Read Our Latest Report on Alibaba Group

Alibaba Group Price Performance

BABA traded down $0.08 on Tuesday, hitting $74.47. 10,289,067 shares of the company’s stock traded hands, compared to its average volume of 18,131,055. Alibaba Group has a one year low of $66.63 and a one year high of $102.50. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.13. The firm has a market cap of $188.97 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.45 and a beta of 0.38. The company’s 50 day simple moving average is $77.80 and its 200-day simple moving average is $74.93.

Alibaba Group (NYSE:BABAGet Free Report) last released its earnings results on Tuesday, May 14th. The specialty retailer reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. The firm had revenue of $30.73 billion for the quarter, compared to the consensus estimate of $30.59 billion. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. As a group, research analysts anticipate that Alibaba Group will post 6.96 EPS for the current year.

Alibaba Group Dividend Announcement

The company also recently announced a None dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 13th will be issued a $1.66 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a dividend yield of 3%. Alibaba Group’s dividend payout ratio (DPR) is 22.84%.

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baystate Wealth Management LLC boosted its holdings in shares of Alibaba Group by 184.6% in the 4th quarter. Baystate Wealth Management LLC now owns 333 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 216 shares during the period. EdgeRock Capital LLC bought a new position in Alibaba Group during the fourth quarter valued at $26,000. Anchor Investment Management LLC bought a new position in Alibaba Group in the fourth quarter worth approximately $31,000. Headinvest LLC bought a new stake in shares of Alibaba Group in the 3rd quarter valued at about $35,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Alibaba Group in the 4th quarter worth approximately $32,000. 13.47% of the stock is owned by institutional investors.

About Alibaba Group

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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.

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