Alibaba Group (NYSE:BABA) Stock Price Down 3.2%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price fell 3.2% on Friday . The company traded as low as $72.31 and last traded at $72.44. 5,843,188 shares traded hands during trading, a decline of 68% from the average session volume of 18,342,648 shares. The stock had previously closed at $74.85.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BABA. Barclays dropped their price objective on Alibaba Group from $138.00 to $109.00 and set an "overweight" rating for the company in a research note on Friday, January 12th. Susquehanna dropped their price objective on Alibaba Group from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, February 8th. StockNews.com raised Alibaba Group from a "hold" rating to a "buy" rating in a research note on Tuesday, February 27th. Benchmark reaffirmed a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $85.00 price target on shares of Alibaba Group in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.91.

Alibaba Group Stock Performance

The business has a fifty day simple moving average of $73.60 and a 200-day simple moving average of $76.57. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market cap of $180.91 billion, a P/E ratio of 13.37 and a beta of 0.46.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $19.12 by ($0.15). Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. During the same quarter last year, the company posted $2.44 EPS. Alibaba Group's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that Alibaba Group Holding Limited will post 7.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanders Capital LLC boosted its position in shares of Alibaba Group by 322.7% during the third quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer's stock valued at $1,303,636,000 after buying an additional 11,473,618 shares during the last quarter. Norges Bank purchased a new stake in shares of Alibaba Group during the fourth quarter valued at $329,367,000. Moneta Group Investment Advisors LLC boosted its position in shares of Alibaba Group by 108,264.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,711,488 shares of the specialty retailer's stock valued at $326,945,000 after buying an additional 3,708,063 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Alibaba Group by 461.2% during the third quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer's stock valued at $365,686,000 after buying an additional 3,464,723 shares during the last quarter. Finally, Blue Pool Management Ltd. purchased a new stake in shares of Alibaba Group during the fourth quarter valued at $151,726,000. 13.47% of the stock is currently owned by institutional investors.

About Alibaba Group

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.