Alibaba Group (NYSE:BABA) Stock Price Down 4% - What's Next?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares traded down 4% during trading on Thursday . The company traded as low as $136.81 and last traded at $137.42. 11,060,869 shares traded hands during trading, a decline of 42% from the average session volume of 18,950,900 shares. The stock had previously closed at $143.20.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BABA. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $100.00 to $180.00 in a research note on Monday, February 24th. Sanford C. Bernstein raised shares of Alibaba Group from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $104.00 to $165.00 in a research note on Tuesday, February 25th. Barclays raised their target price on shares of Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Robert W. Baird boosted their price target on Alibaba Group from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Alibaba Group currently has an average rating of "Buy" and a consensus price target of $144.07.

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Alibaba Group Price Performance

The firm has a market cap of $318.95 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.28. 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 company's fifty day moving average is $116.49 and its two-hundred day moving average is $100.91.

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

Institutional Trading of Alibaba Group

A number of hedge funds have recently made changes to their positions in BABA. Norges Bank purchased a new stake in Alibaba Group during the 4th quarter worth $585,479,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Alibaba Group by 3,180.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock worth $409,385,000 after acquiring an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. boosted its holdings in Alibaba Group by 64.1% in the third quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the last quarter. FMR LLC grew its stake in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock valued at $383,260,000 after purchasing an additional 2,959,954 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Alibaba Group by 208.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock worth $254,000,000 after purchasing an additional 2,024,640 shares during the last quarter. 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.