Alibaba Group (NYSE:BABA) Shares Down 0.9% – Here’s What Happened

Alibaba Group Holding Limited (NYSE:BABA) shares traded down 0.9% on Monday . The company traded as low as $106.92 and last traded at $109.19. 9,702,334 shares were traded during trading, a decline of 46% from the average session volume of 17,822,344 shares. The stock had previously closed at $110.14.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BABA. JPMorgan Chase & Co. lifted their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective for the company in a report on Monday, October 7th. Barclays raised their target price on Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird upped their price target on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $112.63.

Alibaba Group Trading Up 0.3 %

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $259.28 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 0.55 and a beta of 0.35. The business has a fifty day moving average price of $90.97 and a 200 day moving average price of $81.70.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share for the quarter, topping the consensus estimate of $1.87 by $14.57. The company had revenue of $243.24 billion during the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $2.47 EPS. On average, analysts expect that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Institutional Trading of Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tamar Securities LLC increased its position in shares of Alibaba Group by 11.6% during the 3rd quarter. Tamar Securities LLC now owns 143,516 shares of the specialty retailer’s stock worth $15,230,000 after purchasing an additional 14,924 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Alibaba Group by 4.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after buying an additional 139 shares during the last quarter. Applied Capital LLC FL raised its position in Alibaba Group by 16.7% during the third quarter. Applied Capital LLC FL now owns 6,633 shares of the specialty retailer’s stock worth $704,000 after acquiring an additional 949 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Alibaba Group in the third quarter valued at $10,359,000. Finally, QV Investors Inc. grew its position in shares of Alibaba Group by 57.8% in the 3rd quarter. QV Investors Inc. now owns 142,797 shares of the specialty retailer’s stock valued at $15,154,000 after acquiring an additional 52,330 shares during the period. 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.