Alibaba Group (NYSE:BABA) Trading Down 1.9% – Here’s What Happened

Alibaba Group Holding Limited (NYSE:BABA)’s stock price traded down 1.9% on Friday . The stock traded as low as $87.40 and last traded at $87.56. 5,006,139 shares were traded during trading, a decline of 71% from the average session volume of 17,441,633 shares. The stock had previously closed at $89.23.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Susquehanna cut their price objective on Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Bank of America upped their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Alibaba Group from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Robert W. Baird lifted their target price on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Price Performance

The company has a 50 day moving average of $95.36 and a 200 day moving average of $86.25. The stock has a market capitalization of $209.70 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 0.44 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating the consensus estimate of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Command Advisory Services Inc. purchased a new position in Alibaba Group in the 2nd quarter valued at about $25,000. GPS Wealth Strategies Group LLC raised its position in shares of Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group during the second quarter valued at $27,000. Concord Wealth Partners increased its stake in shares of Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 155 shares during the period. Finally, Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the third quarter worth $36,000. Institutional investors and hedge funds 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.