Alibaba Group (NYSE:BABA) Shares Down 0.1% - What's Next?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $118.34 and last traded at $118.82. 4,214,936 shares were traded during trading, a decline of 80% from the average session volume of 20,622,183 shares. The stock had previously closed at $118.88.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Benchmark increased their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 21st. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Sanford C. Bernstein raised Alibaba Group from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $104.00 to $165.00 in a research report on Tuesday, February 25th. Finally, Barclays lifted their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Fourteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Stock Performance

The stock has a market capitalization of $283.30 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The business's fifty day moving average is $125.98 and its two-hundred day moving average is $104.95. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The business had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently made changes to their positions in BABA. Decker Retirement Planning Inc. bought a new position in shares of Alibaba Group during the fourth quarter valued at approximately $31,000. Bruce G. Allen Investments LLC acquired a new position in Alibaba Group during the 1st quarter valued at about $31,000. Inlight Wealth Management LLC acquired a new stake in Alibaba Group in the first quarter worth about $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group in the 4th quarter valued at approximately $32,000. Finally, Valley National Advisers Inc. boosted its stake in Alibaba Group by 151.9% in the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock worth $35,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.