Alibaba Group (NYSE:BABA) Trading Down 1.6% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA)’s share price fell 1.6% during mid-day trading on Monday . The stock traded as low as $85.87 and last traded at $86.38. 4,861,403 shares changed hands during trading, a decline of 72% from the average session volume of 17,414,986 shares. The stock had previously closed at $87.82.

Analyst Ratings Changes

BABA has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, November 19th. Bank of America increased their price objective on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Loop Capital reissued a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a report on Thursday, August 29th. Robert W. Baird increased their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Mizuho boosted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Trading Down 2.0 %

The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $205.66 billion, a PE ratio of 17.52, a P/E/G ratio of 0.44 and a beta of 0.30. The business’s fifty day moving average is $94.82 and its 200-day moving average is $86.39.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BABA. Concord Wealth Partners boosted its position in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after buying an additional 155 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the 2nd quarter worth approximately $27,000. Highline Wealth Partners LLC acquired a new stake in Alibaba Group in the third quarter valued at approximately $36,000. First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group during the second quarter valued at approximately $25,000. Finally, Assetmark Inc. lifted its position in shares of Alibaba Group by 225.4% during the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 275 shares in the last quarter. 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.