Alibaba Group (NYSE:BABA) Stock Price Down 0.3%

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report)'s share price fell 0.3% during trading on Wednesday . The company traded as low as $84.28 and last traded at $84.43. 1,959,891 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 16,246,360 shares. The stock had previously closed at $84.70.

Analyst Ratings Changes

A number of research analysts recently issued reports on BABA shares. Jefferies Financial Group reiterated a "buy" rating and set a $116.00 price objective on shares of Alibaba Group in a report on Friday, July 26th. Benchmark reiterated a "buy" rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, August 16th. Robert W. Baird raised their target price on shares of Alibaba Group from $85.00 to $88.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target 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. Finally, Loop Capital restated a "buy" rating and issued a $115.00 price objective on shares of Alibaba Group in a report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $107.61.

Alibaba Group Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day simple moving average of $80.41 and a 200-day simple moving average of $77.40. The firm has a market cap of $214.29 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 0.43 and a beta of 0.33.

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

Hedge Funds Weigh In On Alibaba Group

Several institutional investors and hedge funds have recently modified their holdings of the business. First Command Advisory Services Inc. acquired a new stake in shares of Alibaba Group during the 2nd quarter worth $25,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 209 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Alibaba Group during the 2nd quarter worth approximately $27,000. Register Financial Advisors LLC bought a new position in Alibaba Group in the first quarter valued at approximately $31,000. Finally, Asset Dedication LLC raised its position in Alibaba Group by 315.0% during 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 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.