Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price fell 2.1% during trading on Friday . The stock traded as low as $99.73 and last traded at $100.55. 12,681,319 shares were traded during trading, a decline of 33% from the average session volume of 18,824,598 shares. The stock had previously closed at $102.74.
Wall Street Analyst Weigh In
BABA has been the subject of a number of analyst reports. Bank of America boosted their target price on shares of Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. StockNews.com cut Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Benchmark reaffirmed a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, Citigroup increased their price objective on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.13.
Get Our Latest Stock Report on Alibaba Group
Alibaba Group Stock Performance
The stock's fifty day moving average is $87.19 and its 200-day moving average is $89.26. 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 cap of $236.81 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 0.42 and a beta of 0.31.
Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion for the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm's revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. On average, analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Henry James International Management Inc. raised its position in shares of Alibaba Group by 35.0% in the fourth quarter. Henry James International Management Inc. now owns 25,794 shares of the specialty retailer's stock valued at $2,187,000 after purchasing an additional 6,690 shares during the period. Sage Investment Counsel LLC bought a new stake in shares of Alibaba Group during the fourth quarter worth approximately $401,000. SVB Wealth LLC acquired a new position in shares of Alibaba Group in the fourth quarter valued at approximately $1,487,000. Verus Capital Partners LLC bought a new position in shares of Alibaba Group during the fourth quarter worth approximately $375,000. Finally, QRG Capital Management Inc. lifted its holdings in Alibaba Group by 12.1% during the 4th quarter. QRG Capital Management Inc. now owns 41,843 shares of the specialty retailer's stock worth $3,548,000 after purchasing an additional 4,519 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors.
About Alibaba Group
(
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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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