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Alibaba Group (NYSE:BABA) Stock Price Down 1.6% - What's Next?

Alibaba Group logo with Retail/Wholesale background

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s stock price traded down 1.6% during trading on Monday . The company traded as low as $85.87 and last traded at $86.38. 4,861,403 shares were traded during mid-day trading, a decline of 72% from the average session volume of 17,414,986 shares. The stock had previously closed at $87.82.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Bank of America boosted their target price on Alibaba Group from $106.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Macquarie upgraded Alibaba Group from a "neutral" rating to an "outperform" rating and set a $145.00 price target on the stock in a report on Monday, October 7th. Mizuho lifted their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, Benchmark reissued a "buy" rating and issued a $118.00 target price on shares of Alibaba Group in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $114.07.

Read Our Latest Report on BABA

Alibaba Group Stock Down 2.0 %

The company's 50 day moving average price is $94.19 and its two-hundred day moving average price is $86.43. The stock has a market cap of $205.59 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.44 and a beta of 0.30. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

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

Hedge Funds Weigh In On Alibaba Group

A number of hedge funds and other institutional investors have recently modified their holdings of BABA. First Command Advisory Services Inc. purchased a new position in Alibaba Group in the second quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group in the 2nd quarter worth approximately $27,000. Concord Wealth Partners raised its stake in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Highline Wealth Partners LLC bought a new position in shares of Alibaba Group during the 3rd quarter worth approximately $36,000. Finally, Asset Dedication LLC boosted its stake in Alibaba Group by 315.0% in the second quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer's stock valued at $38,000 after acquiring an additional 400 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

Alibaba Group Company Profile

(Get Free Report)

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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