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

Key Points

• Alibaba (NYSE:BABA) shares fell 2.4% Monday to about $148.54, with trading volume ~8.64M shares (down ~56% from the average) after a prior close of $152.24.
• Analysts maintain a “Moderate Buy” consensus (17 Buys, 2 Holds, 1 Sell) and an average price target of $194, even as some firms revised targets recently (Citigroup to $225; JPMorgan to $230).
• Key fundamentals: market cap ~$354.4B, trailing P/E ~20.5, 50-day SMA $160.37 (above current price) and 200-day SMA $143.69 (below), with notable institutional activity such as Temasek materially increasing its stake.

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price was down 2.4% during trading on Monday . The company traded as low as $147.21 and last traded at $148.5360. Approximately 8,642,114 shares were traded during trading, a decline of 56% from the average daily volume of 19,582,719 shares. The stock had previously closed at $152.24.

Analysts Set New Price Targets

A number of research analysts have issued reports on BABA shares. Citigroup upped their target price on shares of Alibaba Group from $218.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. cut their price objective on shares of Alibaba Group from $240.00 to $230.00 and set an "overweight" rating for the company in a research report on Wednesday, November 26th. Arete lowered shares of Alibaba Group from a "buy" rating to a "neutral" rating and set a $172.00 target price on the stock. in a research report on Tuesday, December 9th. Mizuho set a $195.00 price target on Alibaba Group in a report on Wednesday, October 22nd. Finally, Macquarie reissued an "outperform" rating on shares of Alibaba Group in a research note on Tuesday, November 25th. Seventeen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $194.00.

Alibaba Group Stock Performance

The company has a market cap of $354.42 billion, a PE ratio of 20.52, a P/E/G ratio of 2.36 and a beta of 0.33. The stock's 50 day simple moving average is $160.37 and its two-hundred day simple moving average is $143.69. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On Alibaba Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd raised its stake in shares of Alibaba Group by 23.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer's stock worth $728,633,000 after buying an additional 1,045,789 shares in the last quarter. Verde Servicos Internacionais S.A. boosted its holdings in Alibaba Group by 6.9% during the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer's stock worth $7,686,000 after buying an additional 4,373 shares in the last quarter. Ninety One UK Ltd acquired a new position in Alibaba Group in the second quarter worth approximately $15,318,000. Marex Group plc bought a new position in shares of Alibaba Group in the second quarter valued at $17,139,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Alibaba Group by 197.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 34,225 shares of the specialty retailer's stock valued at $3,881,000 after acquiring an additional 22,701 shares during the last quarter. 13.47% of the stock is currently owned by institutional investors and hedge funds.

About Alibaba Group

Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.