Alibaba Group (NYSE:BABA) Trading Down 0% - Here's Why

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares fell 0% during mid-day trading on Wednesday . The stock traded as low as $84.42 and last traded at $85.35. 3,854,345 shares were traded during trading, a decline of 67% from the average session volume of 11,774,022 shares. The stock had previously closed at $85.38.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup upped their price objective on shares of Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a report on Friday, January 10th. Macquarie raised shares of Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Benchmark reissued a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Mizuho upped their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Finally, Barclays reduced their price target on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $115.13.

Alibaba Group Stock Up 1.0 %

The business has a 50-day moving average of $85.73 and a 200-day moving average of $88.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $205.42 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 0.45 and a beta of 0.30.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The firm had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. During the same quarter last year, the company posted $1.82 EPS. The firm's quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Institutional Trading of Alibaba Group

Several hedge funds have recently made changes to their positions in BABA. Strategic Investment Solutions Inc. IL purchased a new position in Alibaba Group in the second quarter valued at $27,000. Concord Wealth Partners boosted its stake in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock valued at $27,000 after buying an additional 155 shares during the period. Decker Retirement Planning Inc. acquired a new position in shares of Alibaba Group during the fourth quarter worth about $31,000. Highline Wealth Partners LLC purchased a new stake in shares of Alibaba Group in the 3rd quarter valued at approximately $36,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Alibaba Group in the second quarter valued at $38,000. Institutional investors and hedge funds own 13.47% of the company's stock.

About Alibaba Group

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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