Alibaba Group (NYSE:BABA) Trading Down 0% – What’s Next?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price was down 0% during mid-day trading on Wednesday . The stock traded as low as $84.42 and last traded at $85.35. Approximately 3,854,345 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 11,774,022 shares. The stock had previously closed at $85.38.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BABA. Mizuho boosted their price objective on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. StockNews.com cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Citigroup raised their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Bank of America upped their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Alibaba Group presently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Alibaba Group Stock Performance

The stock has a fifty day moving average of $85.53 and a 200-day moving average of $87.99. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $212.29 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. Equities analysts anticipate that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

A number of institutional investors have recently modified their holdings of BABA. TRUE Private Wealth Advisors grew its position in Alibaba Group by 3.7% in the 3rd quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 112 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Alibaba Group by 6.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after purchasing an additional 121 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in Alibaba Group by 3.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 3,883 shares of the specialty retailer’s stock worth $329,000 after purchasing an additional 124 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Alibaba Group by 3.6% during the 4th quarter. Sivia Capital Partners LLC now owns 3,825 shares of the specialty retailer’s stock worth $324,000 after buying an additional 134 shares in the last quarter. Finally, Wynn Capital LLC lifted its holdings in Alibaba Group by 1.0% in the fourth quarter. Wynn Capital LLC now owns 13,013 shares of the specialty retailer’s stock valued at $1,103,000 after acquiring an additional 135 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

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.