Alibaba Group (NYSE:BABA) Trading Down 1.7% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA) shares fell 1.7% during mid-day trading on Wednesday . The stock traded as low as $129.93 and last traded at $130.44. 5,335,425 shares were traded during mid-day trading, a decline of 72% from the average session volume of 19,364,055 shares. The stock had previously closed at $132.70.

Analyst Ratings Changes

A number of brokerages have recently commented on BABA. StockNews.com lowered Alibaba Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 26th. Mizuho upped their price target on Alibaba Group from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, March 28th. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded shares of Alibaba Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Bank of America raised their target price on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $148.14.

Alibaba Group Stock Down 1.0 %

The firm has a market cap of $312.12 billion, a P/E ratio of 18.98, a P/E/G ratio of 0.61 and a beta of 0.28. The firm’s fifty day moving average is $123.49 and its 200 day moving average is $103.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

Alibaba Group (NYSE:BABA) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Institutional investors have recently bought and sold shares of the business. Rings Capital Management LLC boosted its stake in shares of Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after buying an additional 100 shares during the period. Lindbrook Capital LLC increased its position in shares of Alibaba Group by 3.7% in the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after purchasing an additional 101 shares during the period. Global Endowment Management LP raised its stake in Alibaba Group by 1.4% in the fourth quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock valued at $642,000 after purchasing an additional 106 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after purchasing an additional 108 shares during the period. Finally, TBH Global Asset Management LLC grew its stake in Alibaba Group by 2.4% during the fourth quarter. TBH Global Asset Management LLC now owns 4,795 shares of the specialty retailer’s stock worth $407,000 after buying an additional 112 shares in the last quarter. Institutional investors 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.