Alibaba Group (BABA) Stock Price Down 2%

Alibaba Group Holding Ltd (NYSE:BABA) shares were down 2% on Friday . The stock traded as low as $184.60 and last traded at $180.97. Approximately 14,320,622 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 20,944,107 shares. The stock had previously closed at $184.65.

Several research analysts recently weighed in on BABA shares. Zacks Investment Research raised Alibaba Group from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a research report on Monday, December 4th. Morgan Stanley set a $250.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, January 29th. KeyCorp increased their target price on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Susquehanna Bancshares started coverage on Alibaba Group in a research report on Wednesday, December 6th. They issued a “positive” rating and a $220.00 target price on the stock. Finally, Nomura reaffirmed a “buy” rating and issued a $219.00 target price (down from $221.00) on shares of Alibaba Group in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Alibaba Group presently has an average rating of “Buy” and a consensus target price of $214.01.

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The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $472,917.09, a P/E ratio of 46.94, a price-to-earnings-growth ratio of 1.48 and a beta of 2.57.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.08). The business had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same quarter in the prior year, the business earned $1.30 earnings per share. sell-side analysts anticipate that Alibaba Group Holding Ltd will post 4.08 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in BABA. MUFG Americas Holdings Corp acquired a new stake in shares of Alibaba Group during the fourth quarter valued at about $101,000. Avestar Capital LLC acquired a new stake in shares of Alibaba Group during the fourth quarter valued at about $102,000. Lenox Wealth Advisors Inc. grew its stake in shares of Alibaba Group by 2,636.4% during the fourth quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 580 shares in the last quarter. Trustcore Financial Services LLC acquired a new stake in shares of Alibaba Group during the fourth quarter valued at about $107,000. Finally, Lorber David A acquired a new stake in shares of Alibaba Group during the third quarter valued at about $109,000. Institutional investors own 37.72% of the company’s stock.

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Alibaba Group Company Profile

Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.

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