Alibaba Group (NYSE:BABA) Shares Down 0.2%

Alibaba Group Holding Limited (NYSE:BABA) was down 0.2% during trading on Friday . The stock traded as low as $68.36 and last traded at $68.77. Approximately 3,377,128 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 18,073,523 shares. The stock had previously closed at $68.88.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reduced their price objective on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, April 9th. Morgan Stanley reiterated an “equal weight” rating and set a $85.00 target price on shares of Alibaba Group in a research report on Tuesday, April 9th. Macquarie lowered Alibaba Group from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $88.50 to $85.40 in a research report on Thursday, February 8th. Finally, Barclays lowered their target price on Alibaba Group from $138.00 to $109.00 and set an “overweight” rating for the company in a research report on Friday, January 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Alibaba Group currently has a consensus rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Stock Down 0.0 %

The company has a market cap of $174.71 billion, a P/E ratio of 12.69 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 1.80. The business’s fifty day moving average is $73.20 and its two-hundred day moving average is $76.00.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $18.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $19.12 by ($0.15). The firm had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a return on equity of 12.65% and a net margin of 10.75%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS. Equities analysts predict that Alibaba Group Holding Limited will post 7.65 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. Evolution Wealth Advisors LLC increased its holdings in Alibaba Group by 9.9% during the first quarter. Evolution Wealth Advisors LLC now owns 3,846 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 345 shares during the period. Naviter Wealth LLC increased its holdings in shares of Alibaba Group by 55.2% in the 1st quarter. Naviter Wealth LLC now owns 41,068 shares of the specialty retailer’s stock valued at $2,972,000 after acquiring an additional 14,608 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Alibaba Group by 106.8% in the 1st quarter. Hexagon Capital Partners LLC now owns 13,783 shares of the specialty retailer’s stock worth $997,000 after acquiring an additional 7,119 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Alibaba Group by 4.9% during the 1st quarter. Miracle Mile Advisors LLC now owns 10,817 shares of the specialty retailer’s stock worth $783,000 after purchasing an additional 507 shares during the last quarter. Finally, Hi Line Capital Management LLC boosted its position in Alibaba Group by 1.4% during the first quarter. Hi Line Capital Management LLC now owns 79,970 shares of the specialty retailer’s stock valued at $5,787,000 after purchasing an additional 1,096 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

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.