Alibaba Group (NYSE:BABA) Stock Price Down 1.7%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded down 1.7% on Tuesday . The company traded as low as $74.77 and last traded at $75.09. 4,411,496 shares were traded during mid-day trading, a decline of 75% from the average session volume of 17,758,279 shares. The stock had previously closed at $76.41.

Analyst Ratings Changes

BABA has been the subject of several research analyst reports. Citigroup cut their target price on 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 reiterated an "equal weight" rating and set a $85.00 price objective on shares of Alibaba Group in a research report on Tuesday, April 9th. StockNews.com upgraded shares of Alibaba Group from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. Barclays reduced their price target on shares of Alibaba Group from $138.00 to $109.00 and set an "overweight" rating on the stock in a report on Friday, January 12th. Finally, Mizuho reiterated a "buy" rating and issued a $95.00 price target on shares of Alibaba Group in a research note on Wednesday, March 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $112.91.

Alibaba Group Trading Down 2.0 %

The stock has a fifty day moving average price of $73.28 and a 200 day moving average price of $75.21. The stock has a market cap of $189.94 billion, a PE ratio of 13.81 and a beta of 0.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 EPS for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion for the quarter, compared to analysts' expectations of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 earnings per share. Equities analysts expect that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Institutional Trading of Alibaba Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Savant Capital LLC lifted its position in shares of Alibaba Group by 2.7% during the third quarter. Savant Capital LLC now owns 4,756 shares of the specialty retailer's stock worth $413,000 after purchasing an additional 127 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Alibaba Group by 2.1% in the third quarter. Johnson Investment Counsel Inc. now owns 6,727 shares of the specialty retailer's stock valued at $584,000 after purchasing an additional 136 shares during the period. Clearstead Advisors LLC grew its stake in Alibaba Group by 32.9% in the third quarter. Clearstead Advisors LLC now owns 573 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 142 shares in the last quarter. Bogart Wealth LLC increased its holdings in Alibaba Group by 16.7% during the 1st quarter. Bogart Wealth LLC now owns 990 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 142 shares during the period. Finally, Legacy Advisors LLC raised its position in Alibaba Group by 1.4% during the 4th quarter. Legacy Advisors LLC now owns 10,658 shares of the specialty retailer's stock valued at $826,000 after purchasing an additional 145 shares in the last quarter. 13.47% of the stock is owned by hedge funds and other 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.