Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares were down 2.2% on Friday . The company traded as low as $130.14 and last traded at $133.51. Approximately 12,265,201 shares changed hands during trading, a decline of 61% from the average daily volume of 31,255,494 shares. The stock had previously closed at $136.55.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on BABA shares. Morgan Stanley raised shares of Alibaba Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Sanford C. Bernstein upgraded shares of Alibaba Group from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $104.00 to $165.00 in a report on Tuesday, February 25th. Robert W. Baird upped their price target on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Citigroup upped their price target on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Benchmark increased their price objective on shares of Alibaba Group from $118.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alibaba Group presently has a consensus rating of "Buy" and a consensus target price of $144.07.
Get Our Latest Report on BABA
Alibaba Group Price Performance
The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market cap of $309.96 billion, a P/E ratio of 18.84, a PEG ratio of 0.61 and a beta of 0.31. The firm's fifty day moving average price is $100.36 and its 200-day moving average price is $94.99.
Alibaba Group (NYSE:BABA - Get Free Report) last announced 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). Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. The business had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current year.
Institutional Investors Weigh In On Alibaba Group
A number of large investors have recently made changes to their positions in BABA. Norges Bank purchased a new position in shares of Alibaba Group during the 4th quarter valued at about $585,479,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alibaba Group by 3,180.1% during the 3rd 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 buying an additional 3,740,150 shares in the last quarter. Hhlr Advisors LTD. lifted its position in shares of Alibaba Group by 64.1% during the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after buying an additional 3,448,152 shares in the last quarter. FMR LLC lifted its position in shares of 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 buying an additional 2,959,954 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Alibaba Group by 208.5% during 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.
About Alibaba Group
(
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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.
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