Alibaba Group (NYSE:BABA) Trading Down 1.4% – Here’s What Happened

Alibaba Group Holding Limited (NYSE:BABA) shares dropped 1.4% on Monday . The stock traded as low as $128.00 and last traded at $130.58. 5,109,180 shares changed hands during trading, a decline of 74% from the average daily volume of 19,401,380 shares. The stock had previously closed at $132.43.

Analysts Set New Price Targets

A number of brokerages have commented on BABA. Robert W. Baird lifted their target price on Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Arete Research upgraded Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Bank of America boosted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $100.00 to $180.00 in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $148.14.

Alibaba Group Trading Up 0.4 %

The business’s 50 day moving average price is $123.49 and its two-hundred day moving average price is $103.37. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market capitalization of $315.37 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The firm had revenue of $38.38 billion during the quarter, compared to analyst estimates of $38.19 billion. Equities analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Alibaba Group in the 4th quarter valued at about $31,000. Sierra Ocean LLC acquired a new stake in Alibaba Group during the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL boosted its holdings in Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock worth $46,000 after buying an additional 200 shares in the last quarter. Redwood Park Advisors LLC acquired a new position in Alibaba Group in the fourth quarter worth approximately $52,000. Finally, Kieckhefer Group LLC acquired a new position in Alibaba Group in the fourth quarter worth approximately $55,000. Institutional investors own 13.47% of the company’s stock.

Alibaba Group Company Profile

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.