Alibaba Group (NYSE:BABA) Shares Down 3.8% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price was down 3.8% during trading on Wednesday . The company traded as low as $107.60 and last traded at $108.06. Approximately 7,131,212 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 20,533,442 shares. The stock had previously closed at $112.28.

Analyst Ratings Changes

Several analysts have recently weighed in on BABA shares. JPMorgan Chase & Co. raised their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Barclays boosted their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Mizuho lifted their price target on Alibaba Group from $140.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, March 28th. Arete Research upgraded shares of Alibaba Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Citigroup decreased their price target on shares of Alibaba Group from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Fifteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $150.36.

Alibaba Group Price Performance

The company has a market capitalization of $251.85 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a 50-day moving average price of $127.13 and a 200-day moving average price of $104.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BABA. Marcum Wealth LLC grew its stake in shares of Alibaba Group by 3.2% during the 1st quarter. Marcum Wealth LLC now owns 2,745 shares of the specialty retailer’s stock worth $363,000 after acquiring an additional 86 shares in the last quarter. Rings Capital Management LLC raised its position in shares of Alibaba Group by 1.4% in the fourth quarter. Rings Capital Management LLC now owns 7,100 shares of the specialty retailer’s stock valued at $602,000 after purchasing an additional 100 shares during the period. Lindbrook Capital LLC lifted its position in Alibaba Group by 3.7% during the fourth quarter. Lindbrook Capital LLC now owns 2,829 shares of the specialty retailer’s stock worth $240,000 after acquiring an additional 101 shares during the last quarter. Global Endowment Management LP lifted its holdings in Alibaba Group by 1.4% during the 4th quarter. Global Endowment Management LP now owns 7,570 shares of the specialty retailer’s stock worth $642,000 after purchasing an additional 106 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Alibaba Group by 3.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 3,134 shares of the specialty retailer’s stock worth $266,000 after buying an additional 108 shares in the last quarter. 13.47% of the stock is owned by institutional investors and hedge funds.

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.