Alibaba Group (NYSE:BABA) Shares Down 0.1%

Alibaba Group Holding Limited (NYSE:BABA) dropped 0.1% during trading on Thursday . The company traded as low as $73.81 and last traded at $74.53. Approximately 4,621,010 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 17,935,191 shares. The stock had previously closed at $74.63.

Analyst Ratings Changes

BABA has been the topic of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 target price on shares of Alibaba Group in a report on Tuesday, April 9th. Citigroup dropped their target price on shares of Alibaba Group from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price on shares of Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Barclays dropped their target price on shares of Alibaba Group from $138.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, January 12th. Finally, Robert W. Baird dropped their target price on shares of Alibaba Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Price Performance

The stock’s 50 day moving average price is $73.19 and its two-hundred day moving average price is $75.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $191.70 billion, a price-to-earnings ratio of 13.94 and a beta of 0.46.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share for the quarter, missing analysts’ consensus estimates of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to analyst estimates of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. Alibaba Group’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.44 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.54 EPS for the current year.

Hedge Funds Weigh In On Alibaba Group

Several large investors have recently bought and sold shares of BABA. Sanders Capital LLC raised its stake in Alibaba Group by 322.7% during the 3rd quarter. Sanders Capital LLC now owns 15,029,238 shares of the specialty retailer’s stock valued at $1,303,636,000 after purchasing an additional 11,473,618 shares during the last quarter. Norges Bank bought a new stake in Alibaba Group in the 4th quarter valued at $329,367,000. Assenagon Asset Management S.A. increased its holdings in Alibaba Group by 461.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,215,884 shares of the specialty retailer’s stock valued at $365,686,000 after buying an additional 3,464,723 shares during the period. Blue Pool Management Ltd. bought a new stake in Alibaba Group in the 4th quarter valued at $151,726,000. Finally, H&H International Investment LLC increased its holdings in Alibaba Group by 63.1% in the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock valued at $384,390,000 after buying an additional 1,918,730 shares during the period. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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.