Alibaba Group (NYSE:BABA) Shares Down 1.1% – Here’s What Happened

by · The Cerbat Gem

Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) fell 1.1% during trading on Monday . The stock traded as low as $168.68 and last traded at $171.3710. 10,086,074 shares were traded during mid-day trading, a decline of 40% from the average session volume of 16,764,756 shares. The stock had previously closed at $173.23.

Analyst Upgrades and Downgrades

BABA has been the subject of several analyst reports. Sanford C. Bernstein reduced their price objective on Alibaba Group from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Loop Capital set a $140.00 price target on shares of Alibaba Group in a research note on Tuesday, January 6th. Zacks Research cut Alibaba Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, Jefferies Financial Group reduced their price objective on shares of Alibaba Group from $231.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Alibaba Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.17.

View Our Latest Analysis on BABA

Alibaba Group Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $409.13 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.73 and a beta of 0.37. The stock’s fifty day moving average price is $156.97 and its 200-day moving average price is $150.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Verde Servicos Internacionais S.A. increased its stake in shares of Alibaba Group by 6.9% in the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock worth $7,686,000 after acquiring an additional 4,373 shares during the last quarter. NTV Asset Management LLC raised its stake in shares of Alibaba Group by 127.4% in the 3rd quarter. NTV Asset Management LLC now owns 15,143 shares of the specialty retailer’s stock valued at $2,707,000 after acquiring an additional 8,484 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Alibaba Group in the second quarter valued at approximately $15,318,000. Marex Group plc bought a new position in Alibaba Group in the 2nd quarter worth $17,139,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Alibaba Group by 197.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 34,225 shares of the specialty retailer’s stock worth $3,881,000 after purchasing an additional 22,701 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

(Get Free Report)

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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