Alibaba Group (NYSE:BABA) Trading Down 1.5%

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) fell 1.5% during mid-day trading on Monday . The stock traded as low as $83.38 and last traded at $83.43. 4,727,354 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 16,326,252 shares. The stock had previously closed at $84.69.

Analysts Set New Price Targets

Several research firms recently issued reports on BABA. Benchmark reaffirmed a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a research note on Friday, August 16th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Susquehanna reduced their price objective on shares of Alibaba Group from $135.00 to $130.00 and set a "positive" rating for the company in a research note on Monday, August 19th. Finally, Bank of America boosted their target price on shares of Alibaba Group from $103.00 to $106.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $107.61.

Alibaba Group Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50 day moving average of $80.07 and a 200 day moving average of $77.28. The firm has a market capitalization of $212.16 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.43 and a beta of 0.33.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $14.57. The business had revenue of $243.24 billion during the quarter, compared to analysts' expectations of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 earnings per share. As a group, research analysts predict that Alibaba Group Holding Limited will post 7.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BABA. First Command Advisory Services Inc. bought a new stake in shares of Alibaba Group in the second quarter valued at about $25,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in shares of Alibaba Group in the second quarter valued at about $27,000. Register Financial Advisors LLC bought a new stake in shares of Alibaba Group in the first quarter valued at about $31,000. Finally, Asset Dedication LLC lifted its holdings in shares of 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 purchasing an additional 400 shares in the last quarter. 13.47% of the stock is currently owned by institutional investors.

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.