Alibaba Group (NYSE:BABA) Shares Down 0.5% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA) traded down 0.5% during trading on Thursday . The company traded as low as $84.42 and last traded at $84.60. 3,216,317 shares were traded during mid-day trading, a decline of 81% from the average session volume of 17,348,654 shares. The stock had previously closed at $85.00.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BABA. Loop Capital reaffirmed a “buy” rating and set a $115.00 price objective on shares of Alibaba Group in a research report on Thursday, August 29th. Barclays lowered their price objective on Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Morgan Stanley reissued an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. Finally, Bank of America boosted their target price on Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.07.

Alibaba Group Trading Down 0.7 %

The business’s fifty day moving average price is $93.28 and its 200 day moving average price is $86.49. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $201.79 billion, a PE ratio of 17.13, a P/E/G ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results 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. The company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. Alibaba Group’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 EPS. As a group, analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Alibaba Group

Several hedge funds have recently modified their holdings of BABA. First Command Advisory Services Inc. acquired a new stake in Alibaba Group during the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group during the 2nd quarter worth approximately $27,000. Concord Wealth Partners raised its holdings in 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 buying an additional 155 shares during the period. Highline Wealth Partners LLC acquired a new position in Alibaba Group during the third quarter valued at approximately $36,000. Finally, Asset Dedication LLC grew its stake in Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after buying an additional 400 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

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.