Alibaba Group (NYSE:BABA) Shares Down 1.2%

Alibaba Group Holding Limited (NYSE:BABA)’s share price was down 1.2% during trading on Friday . The company traded as low as $81.22 and last traded at $81.46. Approximately 2,327,686 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 16,481,861 shares. The stock had previously closed at $82.43.

Wall Street Analyst Weigh In

A number of analysts have commented on BABA shares. Robert W. Baird lifted their target price on Alibaba Group from $85.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Morgan Stanley restated an “equal weight” rating and issued a $90.00 price target on shares of Alibaba Group in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised their price target on Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Citigroup dropped their price target on Alibaba Group from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $116.00 price target on shares of Alibaba Group in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.61.

Alibaba Group Trading Down 1.0 %

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $78.70 and a 200 day simple moving average of $76.85. The firm has a market capitalization of $206.98 billion, a P/E ratio of 18.99, a PEG ratio of 0.42 and a beta of 0.32.

Alibaba Group (NYSE:BABA) last issued its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. During the same period in the previous year, the firm posted $2.47 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group in the second quarter valued at approximately $27,000. First Command Advisory Services Inc. purchased a new stake in shares of Alibaba Group in the second quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 209 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Alibaba Group in the first quarter valued at approximately $31,000. Finally, Asset Dedication LLC lifted its holdings in Alibaba Group by 315.0% during the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 13.47% of the company’s stock.

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.