Alibaba Group (NYSE:BABA) Trading Down 2.1%

Alibaba Group Holding Limited (NYSE:BABA)’s share price traded down 2.1% during trading on Wednesday . The stock traded as low as $79.28 and last traded at $79.39. 4,199,269 shares were traded during trading, a decline of 74% from the average session volume of 16,467,283 shares. The stock had previously closed at $81.10.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a research note on Wednesday, May 15th. Barclays decreased their target price on Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, May 16th. Truist Financial dropped their price target on shares of Alibaba Group from $113.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Alibaba Group in a research note on Friday, July 26th. Finally, Mizuho cut their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.28.

Alibaba Group Stock Performance

The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.13. The stock has a market cap of $201.63 billion, a P/E ratio of 18.51, a PEG ratio of 0.48 and a beta of 0.32. The stock has a fifty day simple moving average of $76.56 and a 200-day simple moving average of $75.82.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Tuesday, May 14th. The specialty retailer reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm had revenue of $30.73 billion during the quarter, compared to analysts’ expectations of $30.59 billion. Equities analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group in the second quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new position in Alibaba Group in the 4th quarter worth about $26,000. GPS Wealth Strategies Group LLC raised its position in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group during the first quarter worth about $31,000. Finally, Asset Dedication LLC increased its stake in shares of Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 13.47% of the company’s stock.

Alibaba Group Company Profile

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.