Alibaba Group (NYSE:BABA) Stock Price Down 1.5% – Should You Sell?
by Tristan Rich · The Markets DailyAlibaba Group Holding Limited (NYSE:BABA – Get Free Report)’s stock price traded down 1.5% during mid-day trading on Monday . The stock traded as low as $83.53 and last traded at $83.81. 3,966,881 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 17,260,514 shares. The stock had previously closed at $85.06.
Wall Street Analysts Forecast Growth
BABA has been the subject of a number of research analyst reports. Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird raised their price objective on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a research report on Monday, October 7th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 14th. Finally, Benchmark restated a “buy” rating and issued a $118.00 price objective on shares of Alibaba Group in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.07.
Read Our Latest Stock Report on Alibaba Group
Alibaba Group Trading Up 0.8 %
The stock has a fifty day simple moving average of $89.84 and a 200 day simple moving average of $86.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $202.23 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.
Alibaba Group (NYSE:BABA – Get Free Report) last released its quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion during 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%. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. On average, research analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Generate Investment Management Ltd purchased a new stake in Alibaba Group during the 3rd quarter valued at $12,656,000. Nations Financial Group Inc. IA ADV grew its holdings in shares of Alibaba Group by 63.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer’s stock worth $3,047,000 after acquiring an additional 11,192 shares during the period. Handelsbanken Fonder AB increased its position in Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer’s stock valued at $87,327,000 after acquiring an additional 50,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Alibaba Group by 7,734.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer’s stock valued at $28,632,000 after acquiring an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd purchased a new position in Alibaba Group in the third quarter worth about $115,995,000. Institutional investors own 13.47% of the company’s stock.
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.
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