Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price fell 3.2% during mid-day trading on Tuesday . The stock traded as low as $180.44 and last traded at $181.21. 16,752,378 shares were traded during trading, a decline of 22% from the average session volume of 21,481,486 shares. The stock had previously closed at $187.22.
Wall Street Analyst Weigh In
BABA has been the subject of several recent research reports. Barclays increased their price target on Alibaba Group from $145.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Zacks Research upgraded Alibaba Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 9th. Sanford C. Bernstein restated an "outperform" rating and set a $160.00 price target on shares of Alibaba Group in a report on Saturday, August 30th. Arete Research raised shares of Alibaba Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Alibaba Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and an average price target of $184.19.
Get Our Latest Stock Analysis on BABA
Alibaba Group Price Performance
The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $432.02 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.22 and a beta of 0.18. The business's fifty day moving average price is $141.95 and its 200-day moving average price is $126.33.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in Alibaba Group by 40.4% during the 4th quarter. Brighton Jones LLC now owns 3,411 shares of the specialty retailer's stock worth $289,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC grew its position in Alibaba Group by 13,483.0% in the 1st quarter. GAMMA Investing LLC now owns 19,967 shares of the specialty retailer's stock worth $2,640,000 after purchasing an additional 19,820 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Alibaba Group in the 1st quarter valued at about $274,000. UMB Bank n.a. lifted its position in shares of Alibaba Group by 33.4% during the 1st quarter. UMB Bank n.a. now owns 1,207 shares of the specialty retailer's stock worth $160,000 after buying an additional 302 shares in the last quarter. Finally, RDA Financial Network purchased a new position in shares of Alibaba Group in the 1st quarter worth approximately $216,000. Hedge funds and other institutional investors own 13.47% of the company's stock.
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.
Further Reading
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