Alibaba Group (NYSE:BABA) Stock Price Down 4.7% - Here's Why

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded down 4.7% during mid-day trading on Monday . The stock traded as low as $132.88 and last traded at $133.95. 12,770,940 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 18,617,866 shares. The stock had previously closed at $140.62.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BABA shares. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $100.00 to $180.00 in a report on Monday, February 24th. Citigroup lifted their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. JPMorgan Chase & Co. increased their price objective on Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein upgraded Alibaba Group from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $104.00 to $165.00 in a report on Tuesday, February 25th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $144.07.

Alibaba Group Stock Up 1.0 %

The firm's fifty day simple moving average is $108.56 and its two-hundred day simple moving average is $97.90. The company has a market capitalization of $329.18 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. 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 issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Sell-side analysts anticipate 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. Sanders Capital LLC boosted its position in shares of Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer's stock worth $1,959,021,000 after purchasing an additional 60,667 shares during the period. Appaloosa LP boosted its position in shares of Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after buying an additional 1,843,158 shares during the period. Hhlr Advisors LTD. grew its stake in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after buying an additional 3,448,152 shares in the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group in the 4th quarter valued at $585,479,000. Finally, Bank of America Corp DE lifted its stake in Alibaba Group by 7.0% during the 4th quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer's stock worth $566,124,000 after acquiring an additional 438,537 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.