Alibaba Group (NYSE:BABA) Trading Down 0.7% - What's Next?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) dropped 0.7% during trading on Wednesday . The company traded as low as $124.95 and last traded at $126.04. Approximately 15,195,935 shares changed hands during trading, a decline of 40% from the average daily volume of 25,499,340 shares. The stock had previously closed at $126.90.

Analyst Ratings Changes

BABA has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Bank of America lifted their target price on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a research note on Friday. Benchmark lifted their target price on Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday. Barclays lifted their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Mizuho lifted their target price on Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.93.

Alibaba Group Stock Up 5.7 %

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market cap of $341.36 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.57 and a beta of 0.31. The stock has a fifty day simple moving average of $95.43 and a two-hundred day simple moving average of $92.88.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.90%. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Concord Wealth Partners grew its holdings in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 155 shares in the last quarter. Highline Wealth Partners LLC purchased a new position in shares of Alibaba Group during the third quarter worth about $36,000. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter worth about $31,000. Sierra Ocean LLC purchased a new position in shares of Alibaba Group during the fourth quarter worth about $32,000. Finally, Assetmark Inc. grew its holdings 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. 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.