Alibaba Group (NYSE:BABA) Stock Price Down 0.8% – What’s Next?

Shares of Alibaba Group Holding Limited (NYSE:BABA) fell 0.8% during trading on Thursday . The stock traded as low as $138.32 and last traded at $139.87. 20,203,626 shares were traded during trading, an increase of 9% from the average session volume of 18,498,390 shares. The stock had previously closed at $141.03.

Wall Street Analysts Forecast Growth

BABA has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Benchmark upped their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 21st. StockNews.com upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Barclays upped their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Morgan Stanley raised Alibaba Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $144.07.

Alibaba Group Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $331.10 billion, a P/E ratio of 20.14, a PEG ratio of 0.61 and a beta of 0.31. The firm has a 50 day simple moving average of $103.27 and a two-hundred day simple moving average of $96.00.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.07). Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. The firm had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $38.19 billion. Equities research analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Hedge Funds Weigh In On Alibaba Group

Institutional investors have recently modified their holdings of the business. Decker Retirement Planning Inc. bought a new position in Alibaba Group in the 4th quarter valued at $31,000. Sierra Ocean LLC bought a new position in Alibaba Group during the fourth quarter valued at about $32,000. Assetmark Inc. raised its position in Alibaba Group by 225.4% in the third quarter. Assetmark Inc. now owns 397 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 275 shares during the period. Strategic Investment Solutions Inc. IL boosted its stake in Alibaba Group by 59.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Finally, Redwood Park Advisors LLC bought a new position in shares of Alibaba Group during the 4th quarter valued at approximately $52,000. 13.47% of the stock is owned by institutional investors.

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.