Alibaba Group (NYSE:BABA) Trading Down 1.2%

Alibaba Group Holding Limited (NYSE:BABA)’s share price traded down 1.2% on Friday . The company traded as low as $83.82 and last traded at $84.44. 3,229,774 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 16,359,265 shares. The stock had previously closed at $85.49.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Alibaba Group from $103.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Jefferies Financial Group restated a “buy” rating and issued a $116.00 price objective on shares of Alibaba Group in a research note on Friday, July 26th. Truist Financial decreased their price objective on shares of Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, August 16th. Loop Capital reiterated a “buy” rating and set a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Finally, Susquehanna decreased their target price on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and an average price target of $107.61.

Alibaba Group Stock Performance

The company has a market capitalization of $215.03 billion, a PE ratio of 19.68, a PEG ratio of 0.43 and a beta of 0.33. The company has a 50 day moving average of $79.66 and a two-hundred day moving average of $77.14. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping the consensus estimate of $1.87 by $14.57. The firm had revenue of $243.24 billion for the quarter, compared to the consensus estimate of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 earnings per share. As a group, equities research analysts predict that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Institutional Trading of Alibaba Group

Large 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 second quarter worth approximately $25,000. GPS Wealth Strategies Group LLC lifted its holdings in 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 buying an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group in the 2nd quarter valued at about $27,000. Register Financial Advisors LLC purchased a new stake in shares of Alibaba Group in the 1st quarter valued at about $31,000. Finally, Asset Dedication LLC increased its position in Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 400 shares during the period. Hedge funds and other 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.