Alibaba Group (NYSE:BABA) Trading Down 0.1%

Alibaba Group Holding Limited (NYSE:BABA) shares traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $73.81 and last traded at $74.53. 4,621,010 shares were traded during mid-day trading, a decline of 74% from the average session volume of 17,935,191 shares. The stock had previously closed at $74.63.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group lowered their target price on Alibaba Group from $121.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Susquehanna lowered their target price on Alibaba Group from $150.00 to $135.00 and set a “positive” rating on the stock in a research report on Thursday, February 8th. Mizuho reaffirmed a “buy” rating and set a $95.00 target price on shares of Alibaba Group in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. lowered their target price on Alibaba Group from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.91.

Alibaba Group Price Performance

The firm has a market cap of $191.70 billion, a P/E ratio of 13.94 and a beta of 0.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a fifty day moving average of $73.19 and a 200-day moving average of $75.50.

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 analysts’ consensus estimates of $19.12 by ($0.15). The business had revenue of $260.35 billion during the quarter, compared to the consensus estimate of $260.26 billion. Alibaba Group had a net margin of 10.75% and a return on equity of 12.65%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 7.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Primecap Management Co. CA grew its stake in Alibaba Group by 5.1% in the 4th quarter. Primecap Management Co. CA now owns 18,224,982 shares of the specialty retailer’s stock valued at $1,412,618,000 after purchasing an additional 881,710 shares during the period. Sanders Capital LLC grew its stake in Alibaba Group by 5.4% in the 4th quarter. Sanders Capital LLC now owns 15,848,257 shares of the specialty retailer’s stock valued at $1,228,398,000 after purchasing an additional 819,019 shares during the period. Morgan Stanley grew its stake in shares of Alibaba Group by 13.8% during the 3rd quarter. Morgan Stanley now owns 11,610,078 shares of the specialty retailer’s stock worth $1,007,058,000 after acquiring an additional 1,406,491 shares during the period. FIL Ltd grew its stake in shares of Alibaba Group by 10.2% during the 4th quarter. FIL Ltd now owns 10,630,701 shares of the specialty retailer’s stock worth $823,986,000 after acquiring an additional 983,842 shares during the period. Finally, H&H International Investment LLC grew its stake in shares of Alibaba Group by 63.1% during the 4th quarter. H&H International Investment LLC now owns 4,959,230 shares of the specialty retailer’s stock worth $384,390,000 after acquiring an additional 1,918,730 shares during the period. 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.