Alibaba Group (NYSE:BABA) Shares Down 0.2% – Here’s What Happened

Alibaba Group Holding Limited (NYSE:BABA) dropped 0.2% during mid-day trading on Monday . The stock traded as low as $133.63 and last traded at $134.91. Approximately 6,650,302 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 19,010,204 shares. The stock had previously closed at $135.14.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Benchmark increased 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, February 21st. Robert W. Baird boosted their price objective on shares of Alibaba Group from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Morgan Stanley raised shares of Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, Barclays increased their price target on shares of Alibaba Group from $130.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $144.07.

Alibaba Group Stock Down 0.4 %

The firm’s 50-day moving average price is $116.49 and its 200 day moving average price is $100.91. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $319.70 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The firm had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Trading of Alibaba Group

Large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Alibaba Group in the 4th quarter valued at approximately $585,479,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer’s stock valued at $409,385,000 after buying an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. grew its stake in shares of Alibaba Group by 64.1% during 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 during the last quarter. FMR LLC increased its holdings in shares of Alibaba Group by 454.2% during the third quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer’s stock worth $383,260,000 after buying an additional 2,959,954 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer’s stock valued at $254,000,000 after acquiring an additional 2,024,640 shares in 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.