Alibaba Group (NYSE:BABA) Stock Price Down 0.2% - Here's Why

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price dropped 0.2% during mid-day trading on Monday . The company traded as low as $133.63 and last traded at $134.91. Approximately 6,650,302 shares were traded during trading, a decline of 65% from the average daily volume of 19,010,204 shares. The stock had previously closed at $135.14.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BABA. Benchmark upped their price target on shares of Alibaba Group from $118.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup boosted their price objective 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. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Bank of America boosted their price target on shares of Alibaba Group from $117.00 to $150.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Barclays increased their price objective on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Alibaba Group has an average rating of "Buy" and a consensus target price of $144.07.

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Alibaba Group Trading Up 3.1 %

The business's fifty day simple moving average is $119.59 and its two-hundred day simple moving average is $101.86. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $323.89 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.61 and a beta of 0.28.

Alibaba Group (NYSE:BABA - Get Free Report) last released its 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). The firm 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%. As a group, analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BABA. Norges Bank acquired a new position in shares of Alibaba Group in the 4th quarter valued at $585,479,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Alibaba Group by 3,180.1% during 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 valued at $409,385,000 after purchasing an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. grew its stake in shares of Alibaba Group by 64.1% in the 3rd 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 period. FMR LLC raised its holdings in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after buying an additional 2,959,954 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after buying an additional 2,024,640 shares in the last quarter. 13.47% of the stock is currently 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.