Alibaba Group (NYSE:BABA) Stock Price Down 3.1% - Here's Why

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price dropped 3.1% during trading on Friday . The stock traded as low as $81.04 and last traded at $81.07. Approximately 5,941,980 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 10,421,349 shares. The stock had previously closed at $83.69.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BABA. StockNews.com lowered shares of Alibaba Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, December 14th. Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target for the company in a research note on Monday, October 7th. Citigroup boosted their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the stock a "buy" rating in a research note on Friday. Robert W. Baird raised their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Benchmark reiterated a "buy" rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $115.13.

Alibaba Group Trading Down 3.8 %

The stock's 50 day simple moving average is $87.59 and its two-hundred day simple moving average is $87.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $191.80 billion, a PE ratio of 16.33, a PEG ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Institutional Trading of Alibaba Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BABA. Strategic Investment Solutions Inc. IL bought a new position in shares of Alibaba Group in the second quarter worth approximately $27,000. Concord Wealth Partners grew its stake in Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after buying an additional 155 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group in the 3rd quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Alibaba Group during the 2nd quarter valued at $38,000. Finally, Assetmark Inc. lifted its holdings in shares of Alibaba Group by 225.4% during the 3rd quarter. Assetmark Inc. now owns 397 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 275 shares during the last quarter. 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.