Alibaba Group (NYSE:BABA) Trading Down 1.5%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) fell 1.5% on Tuesday . The stock traded as low as $69.44 and last traded at $69.56. 5,797,572 shares were traded during mid-day trading, a decline of 68% from the average session volume of 18,306,691 shares. The stock had previously closed at $70.62.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BABA shares. Robert W. Baird dropped their price target on Alibaba Group from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, January 19th. Benchmark reiterated a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a report on Wednesday, April 10th. Citigroup reduced their price objective on Alibaba Group from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 10th. Macquarie cut Alibaba Group from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $88.50 to $85.40 in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. dropped their target price on Alibaba Group from $105.00 to $100.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Alibaba Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.91.

Alibaba Group Trading Down 1.4 %

The company has a market capitalization of $176.64 billion, a price-to-earnings ratio of 12.84 and a beta of 0.47. The company has a 50-day moving average price of $73.33 and a 200-day moving average price of $76.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.12.

Alibaba Group (NYSE:BABA - Get Free Report) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share 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 for the quarter, compared to analyst estimates of $260.26 billion. During the same period last year, the business earned $2.44 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts predict that Alibaba Group Holding Limited will post 7.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its position in Alibaba Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer's stock worth $1,007,058,000 after purchasing an additional 1,406,491 shares during the last quarter. Sanders Capital LLC grew its holdings in shares of Alibaba Group by 322.7% in the 3rd 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 period. Fiduciary Alliance LLC boosted its stake in Alibaba Group by 27.1% in the 3rd quarter. Fiduciary Alliance LLC now owns 14,275 shares of the specialty retailer's stock worth $1,238,000 after purchasing an additional 3,040 shares during the period. Certuity LLC boosted its stake in Alibaba Group by 122.2% in the 3rd quarter. Certuity LLC now owns 113,704 shares of the specialty retailer's stock worth $9,863,000 after purchasing an additional 62,543 shares during the period. Finally, Taikang Asset Management Hong Kong Co Ltd raised its holdings in shares of Alibaba Group by 19.7% in the 3rd quarter. Taikang Asset Management Hong Kong Co Ltd now owns 730,000 shares of the specialty retailer's stock valued at $63,320,000 after purchasing an additional 120,000 shares during the period. Institutional investors own 13.47% of the company's stock.

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.