Alibaba Group (NYSE:BABA) Stock Price Down 3.6% - Here's What Happened

Key Points

• Shares fell 3.6% on Monday to about $150.15 (intraday low $149.58) on volume of 10.97 million shares, roughly 45% below average trading volume.
• Wall Street maintains a "Moderate Buy" consensus with 17 Buys, 2 Holds and 1 Sell and a consensus price target of $194, while several firms raised targets (BofA $195, Susquehanna $190, Baird $174) and Zacks downgraded to "strong sell".
• Key fundamentals: market cap ~$358.3 billion, P/E ~20.7, 50‑day SMA $164.60 vs 200‑day SMA $141.48, and notable institutional activity (Temasek and others), with ~13.47% owned by hedge funds/institutions.

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares traded down 3.6% on Monday . The company traded as low as $149.58 and last traded at $150.1470. 10,971,529 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 20,055,291 shares. The stock had previously closed at $155.68.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BABA shares. Susquehanna upped their price target on shares of Alibaba Group from $175.00 to $190.00 and gave the company a "positive" rating in a research report on Thursday, September 18th. Robert W. Baird increased their price target on shares of Alibaba Group from $153.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 24th. Zacks Research downgraded Alibaba Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 14th. Bank of America raised their price target on shares of Alibaba Group from $168.00 to $195.00 and gave the company a "buy" rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Alibaba Group in a research report on Wednesday, October 8th. Seventeen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Alibaba Group has a consensus rating of "Moderate Buy" and a consensus price target of $194.00.

Alibaba Group Stock Down 3.6%

The company's 50-day simple moving average is $164.60 and its two-hundred day simple moving average is $141.48. The firm has a market capitalization of $358.26 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.39 and a beta of 0.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.46.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Temasek Holdings Private Ltd increased its position 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 valued at $728,633,000 after acquiring an additional 1,045,789 shares during the period. Verde Servicos Internacionais S.A. increased its holdings in shares of Alibaba Group by 6.9% in the second quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer's stock valued at $7,686,000 after purchasing an additional 4,373 shares during the period. Causeway Capital Management LLC raised its stake in shares of Alibaba Group by 42.6% in the first quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer's stock worth $179,305,000 after purchasing an additional 404,842 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Alibaba Group during the second quarter worth about $15,318,000. Finally, Corient IA LLC purchased a new stake in Alibaba Group in the first quarter valued at approximately $344,000. 13.47% of the stock is owned by hedge funds and other institutional investors.

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.

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