Alibaba Group (NYSE:BABA) Shares Down 10.2% – What’s Next?

Shares of Alibaba Group Holding Limited (NYSE:BABA) were down 10.2% on Monday . The company traded as low as $128.44 and last traded at $129.05. Approximately 42,685,960 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 30,496,668 shares. The stock had previously closed at $143.75.

Analyst Ratings Changes

A number of analysts recently commented on BABA shares. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Barclays upped their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Benchmark lifted their price target on Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.36.

Alibaba Group Price Performance

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’s fifty day simple moving average is $95.43 and its two-hundred day simple moving average is $93.09. The firm has a market cap of $306.88 billion, a PE ratio of 18.67, a P/E/G ratio of 0.57 and a beta of 0.31.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to the consensus estimate of $38.19 billion. Alibaba Group had a return on equity of 12.90% and a net margin of 12.29%. As a group, research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Hedge Funds Weigh In On Alibaba Group

Large investors have recently made changes to their positions in the business. Sanders Capital LLC raised its position in Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer’s stock worth $1,959,021,000 after buying an additional 60,667 shares during the last quarter. Appaloosa LP raised its position in Alibaba Group by 18.4% during the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer’s stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares during the period. Hhlr Advisors LTD. lifted its stake in shares of Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer’s stock worth $936,785,000 after buying an additional 3,448,152 shares in the last quarter. Norges Bank acquired a new position in Alibaba Group in the 4th quarter valued at about $585,479,000. Finally, Bank of America Corp DE increased its position in shares of Alibaba Group by 7.0% during the fourth quarter. Bank of America Corp DE now owns 6,676,773 shares of the specialty retailer’s stock valued at $566,124,000 after acquiring an additional 438,537 shares during the last quarter. 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.