Alibaba Group (NYSE:BABA) Trading Down 1.4%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price fell 1.4% on Wednesday . The company traded as low as $69.29 and last traded at $69.61. 17,478,883 shares traded hands during trading, an increase of 37% from the average session volume of 12,781,803 shares. The stock had previously closed at $70.62.

Analyst Ratings Changes

A number of research firms have weighed in on BABA. Benchmark reissued a "buy" rating and set a $118.00 target price on shares of Alibaba Group in a research report on Wednesday, April 10th. Robert W. Baird decreased their target price on shares of Alibaba Group from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, January 19th. Citigroup decreased their target price on shares of Alibaba Group from $126.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Morgan Stanley reissued an "equal weight" rating and set a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. Finally, Susquehanna reduced their price objective on shares of Alibaba Group from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday, February 8th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $112.91.

Alibaba Group Trading Down 1.1 %

The firm's 50-day moving average is $73.24 and its 200-day moving average is $76.05. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The firm has a market cap of $174.62 billion, a price-to-earnings ratio of 12.70 and a beta of 0.46.

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

Hedge Funds Weigh In On Alibaba Group

Large investors have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer's stock valued at $1,007,058,000 after acquiring an additional 1,406,491 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer's stock worth $1,303,636,000 after purchasing an additional 11,473,618 shares during the period. Cerity Partners LLC raised its stake in shares of Alibaba Group by 299.9% during the 4th quarter. Cerity Partners LLC now owns 82,888 shares of the specialty retailer's stock worth $6,428,000 after purchasing an additional 62,163 shares during the period. Fiduciary Alliance LLC raised its stake in shares of Alibaba Group by 27.1% during 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. Finally, Certuity LLC raised its stake in shares of Alibaba Group by 122.2% during 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. 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.