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Alibaba Group (NYSE:BABA) Stock Price Down 10.2% - What's Next?

Alibaba Group logo with Retail/Wholesale background

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded down 10.2% during trading on Monday . The company traded as low as $128.44 and last traded at $129.05. 42,685,960 shares traded hands during trading, an increase of 40% from the average session volume of 30,496,668 shares. The stock had previously closed at $143.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Robert W. Baird lifted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Barclays lifted their price objective on shares of Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Citigroup lifted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Fifteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $144.07.

Get Our Latest Report on Alibaba Group

Alibaba Group Price Performance

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The firm's 50 day simple moving average is $100.36 and its 200 day simple moving average is $94.79. The company has a market capitalization of $314.70 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS 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 firm had revenue of $38.38 billion for the quarter, compared to analysts' expectations of $38.19 billion. As a group, research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Foundations Investment Advisors LLC lifted its position in shares of Alibaba Group by 21.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 155,440 shares of the specialty retailer's stock worth $13,180,000 after purchasing an additional 27,088 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Alibaba Group by 131.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 74,807 shares of the specialty retailer's stock worth $6,343,000 after acquiring an additional 42,446 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock worth $3,047,000 after acquiring an additional 11,192 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock worth $28,632,000 after acquiring an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd purchased a new stake in Alibaba Group in the third quarter worth about $115,995,000. 13.47% of the stock is currently owned by institutional investors.

About Alibaba Group

(Get Free Report)

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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