Alibaba Group (NYSE:BABA) Shares Down 2.4% - What's Next?

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) fell 2.4% on Wednesday . The stock traded as low as $123.43 and last traded at $124.65. 5,723,623 shares were traded during mid-day trading, a decline of 72% from the average session volume of 20,522,339 shares. The stock had previously closed at $127.66.

Analyst Ratings Changes

BABA has been the topic of several recent research reports. Arete Research raised shares of Alibaba Group to a "strong-buy" rating in a research note on Friday, February 28th. Barclays raised their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Morgan Stanley upgraded shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $100.00 to $180.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Finally, StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Alibaba Group presently has a consensus rating of "Buy" and a consensus price target of $150.36.

Alibaba Group Trading Down 3.2 %

The business's 50-day moving average is $124.73 and its two-hundred day moving average is $105.69. The stock has a market capitalization of $295.00 billion, a PE ratio of 17.87, a PEG ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data 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). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. On average, analysts predict that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds have recently bought and sold shares of BABA. Hazlett Burt & Watson Inc. boosted its position in Alibaba Group by 1,960.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 196 shares during the period. Inlight Wealth Management LLC acquired a new stake in Alibaba Group during the 1st quarter worth about $31,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Alibaba Group in the 1st quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Alibaba Group in the first quarter worth $35,000. Finally, Valley National Advisers Inc. grew its stake in Alibaba Group by 151.9% during the 1st quarter. Valley National Advisers Inc. now owns 267 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 161 shares in the last quarter. 13.47% of the stock is currently 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.

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