Citigroup Issues Pessimistic Forecast for Alibaba Group (NYSE:BABA) Stock Price

Alibaba Group (NYSE:BABA - Free Report) had its price objective trimmed by Citigroup from $170.00 to $169.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the specialty retailer's stock.

BABA has been the topic of a number of other research reports. Barclays increased their price target on Alibaba Group from $130.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Alibaba Group from $125.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Arete Research upgraded shares of Alibaba Group to a "strong-buy" rating in a research report on Friday, February 28th. Benchmark lifted their target price 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. Finally, Morgan Stanley raised Alibaba Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $100.00 to $180.00 in a research note on Monday, February 24th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of "Buy" and an average target price of $150.36.

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Alibaba Group Stock Performance

Shares of BABA stock traded up $3.71 on Tuesday, hitting $107.89. The company had a trading volume of 40,432,552 shares, compared to its average volume of 20,525,656. The firm has a market cap of $256.26 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. Alibaba Group has a twelve month low of $68.36 and a twelve month high of $148.43. The company has a 50-day moving average price of $126.59 and a 200-day moving average price of $104.64. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19.

Alibaba Group (NYSE:BABA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.07). The company had revenue of $38.38 billion during the quarter, compared to analysts' expectations of $38.19 billion. Alibaba Group had a return on equity of 12.89% and a net margin of 12.29%. As a group, equities research analysts predict that Alibaba Group will post 7.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Decker Retirement Planning Inc. purchased a new position in shares of Alibaba Group during the fourth quarter worth $31,000. Sierra Ocean LLC purchased a new stake in Alibaba Group during the fourth quarter worth about $32,000. Financial Management Professionals Inc. lifted its position in shares of Alibaba Group by 217.6% during the first quarter. Financial Management Professionals Inc. now owns 524 shares of the specialty retailer's stock worth $69,000 after purchasing an additional 359 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in Alibaba Group by 59.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 539 shares of the specialty retailer's stock worth $46,000 after buying an additional 200 shares in the last quarter. Finally, Redwood Park Advisors LLC acquired a new position in Alibaba Group during the 4th quarter worth $52,000. 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.