Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) traded down 5.6% during trading on Monday . The stock traded as low as $80.60 and last traded at $80.63. 13,009,284 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 16,632,898 shares. The stock had previously closed at $85.41.
Wall Street Analyst Weigh In
A number of research firms have weighed in on BABA. Mizuho dropped their price target on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Bank of America lifted their price target on shares of Alibaba Group from $103.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. raised their price objective on Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Robert W. Baird raised their price target on Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Susquehanna reduced their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.61.
Alibaba Group Stock Down 4.3 %
The stock has a market cap of $207.49 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. The company’s fifty day moving average price is $77.29 and its 200-day moving average price is $76.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79.
Alibaba Group (NYSE:BABA – Get Free Report) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.70% and a net margin of 8.44%. The business had revenue of $243.24 billion during the quarter, compared to analyst estimates of $248.32 billion. During the same quarter in the previous year, the business earned $2.47 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts forecast that Alibaba Group Holding Limited will post 6.96 EPS for the current year.
Institutional Trading of Alibaba Group
Several institutional investors and hedge funds have recently made changes to their positions in BABA. ICA Group Wealth Management LLC increased its stake in Alibaba Group by 14.6% in the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after buying an additional 128 shares during the period. Bogart Wealth LLC increased its position in shares of Alibaba Group by 16.7% during the first quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 142 shares during the period. Legacy Advisors LLC raised its stake in shares of Alibaba Group by 1.4% during the fourth quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer’s stock valued at $826,000 after acquiring an additional 145 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in shares of Alibaba Group by 11.2% in the first quarter. North Star Investment Management Corp. now owns 1,533 shares of the specialty retailer’s stock valued at $111,000 after purchasing an additional 154 shares during the period. Finally, EPIQ Capital Group LLC grew its stake in Alibaba Group by 0.3% in the second quarter. EPIQ Capital Group LLC now owns 46,091 shares of the specialty retailer’s stock worth $3,396,000 after purchasing an additional 157 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.
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.