Alibaba Group (NYSE:BABA) Shares Down 1.4% - Here's What Happened

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price fell 1.4% on Tuesday . The company traded as low as $111.47 and last traded at $112.34. 6,796,961 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 20,531,197 shares. The stock had previously closed at $113.97.

Analyst Upgrades and Downgrades

Several research analysts have commented on BABA shares. Robert W. Baird raised their target price on shares of Alibaba Group from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. StockNews.com upgraded Alibaba Group from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Barclays lifted their price target on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Mizuho increased their price objective on Alibaba Group from $140.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday, March 28th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $150.36.

Alibaba Group Trading Up 2.1 %

The business has a 50 day moving average price of $127.07 and a 200-day moving average price of $104.75. The company has a market cap of $260.55 billion, a P/E ratio of 15.76, a PEG ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The company 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%. Analysts forecast that Alibaba Group Holding Limited will post 7.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BABA. Decker Retirement Planning Inc. bought a new stake in Alibaba Group during the 4th quarter worth $31,000. Bruce G. Allen Investments LLC bought a new stake in Alibaba Group during the 1st quarter worth approximately $31,000. Sierra Ocean LLC acquired a new position in Alibaba Group in the 4th quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL raised its stake in shares of Alibaba Group by 59.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. Finally, Redwood Park Advisors LLC bought a new position in shares of Alibaba Group during the fourth quarter valued at $52,000. 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.