Alibaba Group (NYSE:BABA) Stock Price Down 0.5% – Here’s What Happened

Alibaba Group Holding Limited (NYSE:BABA) shares fell 0.5% during trading on Thursday . The stock traded as low as $81.82 and last traded at $81.99. 2,716,114 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 10,617,862 shares. The stock had previously closed at $82.44.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BABA. StockNews.com downgraded shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Bank of America increased their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup boosted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Trading Down 0.0 %

The firm has a market capitalization of $196.38 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.40 and a beta of 0.30. The business’s 50-day moving average price is $86.88 and its 200 day moving average price is $87.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion for the quarter, compared to analyst estimates of $239.45 billion. During the same quarter in the previous year, the business posted $1.82 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

A number of institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group in the second quarter valued at $27,000. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group during the fourth quarter worth about $31,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group in the third quarter valued at about $36,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Alibaba Group during the second quarter valued at approximately $38,000. 13.47% of the stock is owned by institutional investors and hedge funds.

About Alibaba Group

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.