Alibaba Group (NYSE:BABA) Trading Down 0.8%

Alibaba Group Holding Limited (NYSE:BABAGet Free Report)’s share price fell 0.8% during mid-day trading on Wednesday . The company traded as low as $72.13 and last traded at $72.32. 3,854,908 shares were traded during mid-day trading, a decline of 80% from the average session volume of 18,830,125 shares. The stock had previously closed at $72.88.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BABA. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group cut their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Macquarie cut Alibaba Group from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $88.50 to $85.40 in a research report on Thursday, February 8th. Barclays lowered their price target on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Alibaba Group from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Alibaba Group has an average rating of “Moderate Buy” and a consensus target price of $115.44.

Get Our Latest Stock Report on BABA

Alibaba Group Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market capitalization of $183.49 billion, a price-to-earnings ratio of 13.34 and a beta of 0.46. The company has a 50-day moving average of $73.67 and a 200-day moving average of $77.10.

Alibaba Group (NYSE:BABAGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing the consensus estimate of $19.12 by ($0.15). The business had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.44 earnings per share. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Primecap Management Co. CA grew its stake in shares of Alibaba Group by 5.1% during the 4th quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock valued at $1,412,618,000 after buying an additional 881,710 shares during the period. Dodge & Cox grew its stake in shares of Alibaba Group by 6.9% during the 4th quarter. Dodge & Cox now owns 17,194,570 shares of the specialty retailer’s stock valued at $1,332,751,000 after buying an additional 1,103,100 shares during the period. Sanders Capital LLC grew its stake in shares of Alibaba Group by 5.4% during the 4th quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after buying an additional 819,019 shares during the period. Morgan Stanley grew its stake in shares of Alibaba Group by 1.1% during the 4th quarter. Morgan Stanley now owns 12,815,514 shares of the specialty retailer’s stock valued at $1,128,919,000 after buying an additional 142,563 shares during the period. Finally, FIL Ltd grew its stake in shares of Alibaba Group by 10.2% during the 4th quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock valued at $823,986,000 after buying an additional 983,842 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

Alibaba Group Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.