Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) were down 1.6% on Monday . The stock traded as low as $85.87 and last traded at $86.38. Approximately 4,861,403 shares traded hands during trading, a decline of 72% from the average daily volume of 17,414,986 shares. The stock had previously closed at $87.82.
Several equities research analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Mizuho raised their price target on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Susquehanna decreased their price objective on Alibaba Group from $135.00 to $130.00 and set a "positive" rating on the stock in a report on Monday, August 19th. Barclays cut their target price on Alibaba Group from $137.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, November 19th. Finally, Loop Capital reiterated a "buy" rating and set a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.07.
Check Out Our Latest Stock Report on BABA
The company's 50 day simple moving average is $94.82 and its 200 day simple moving average is $86.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a market cap of $205.66 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 0.44 and a beta of 0.30.
Alibaba Group (NYSE:BABA - Get Free Report) last issued its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping the consensus estimate of $1.87 by $13.19. The company 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%. Alibaba Group's revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business 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 fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in BABA. Assenagon Asset Management S.A. raised its stake in Alibaba Group by 1,392.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 6,125,542 shares of the specialty retailer's stock worth $650,043,000 after acquiring an additional 5,715,155 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Alibaba Group by 3,180.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,857,760 shares of the specialty retailer's stock valued at $409,385,000 after purchasing an additional 3,740,150 shares during the last quarter. Hhlr Advisors LTD. boosted its position in shares of Alibaba Group by 64.1% in the 3rd quarter. Hhlr Advisors LTD. now owns 8,827,600 shares of the specialty retailer's stock valued at $936,785,000 after purchasing an additional 3,448,152 shares during the period. FMR LLC grew its stake in Alibaba Group by 454.2% during the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after buying an additional 2,959,954 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in Alibaba Group by 9,205.2% during the third quarter. International Assets Investment Management LLC now owns 1,697,358 shares of the specialty retailer's stock worth $1,801,240,000 after buying an additional 1,679,117 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.
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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