Alibaba Group (NYSE:BABA) Trading Down 0.8% – Here’s Why
by Doug Wharley · The Cerbat GemAlibaba Group Holding Limited (NYSE:BABA – Get Free Report)’s stock price was down 0.8% on Thursday . The company traded as low as $138.32 and last traded at $139.87. Approximately 20,203,626 shares traded hands during trading, an increase of 9% from the average daily volume of 18,498,390 shares. The stock had previously closed at $141.03.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Benchmark increased their target price on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Alibaba Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Finally, Robert W. Baird upped their price target on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $144.07.
Read Our Latest Research Report on BABA
Alibaba Group Stock Up 0.5 %
The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The stock’s 50-day moving average price is $105.46 and its two-hundred day moving average price is $96.70. The stock has a market capitalization of $334.04 billion, a PE ratio of 20.32, a P/E/G ratio of 0.61 and a beta of 0.31.
Alibaba Group (NYSE:BABA – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion during the quarter, compared to analysts’ expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.
Hedge Funds Weigh In On Alibaba Group
Hedge funds have recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new position in Alibaba Group in the fourth quarter worth about $31,000. Sierra Ocean LLC bought a new stake in shares of Alibaba Group during the fourth quarter valued at approximately $32,000. Assetmark Inc. raised its holdings in Alibaba Group by 225.4% in the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Alibaba Group by 59.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new stake in Alibaba Group during the 4th quarter valued at $52,000. 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.