Alibaba Group Holding Limited (NYSE:BABA – Get Free Report) shares traded down 3.1% during trading on Tuesday after Susquehanna lowered their price target on the stock from $135.00 to $130.00. Susquehanna currently has a positive rating on the stock. Alibaba Group traded as low as $81.00 and last traded at $81.34. 5,572,317 shares were traded during mid-day trading, a decline of 66% from the average session volume of 16,629,635 shares. The stock had previously closed at $83.91.
Several other analysts have also commented on the stock. Citigroup lowered their price objective on shares of Alibaba Group from $124.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Barclays lowered their target price on shares of Alibaba Group from $109.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, May 16th. Benchmark reiterated a “buy” rating and set a $118.00 target price on shares of Alibaba Group in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and set a $116.00 target price on shares of Alibaba Group in a report on Friday, July 26th. Finally, Mizuho lowered their target price on shares of Alibaba Group from $95.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.32.
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Alibaba Group Stock Performance
The business’s 50-day moving average price is $76.73 and its 200-day moving average price is $76.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $206.98 billion, a P/E ratio of 18.96, a P/E/G ratio of 0.48 and a beta of 0.32.
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, beating analysts’ consensus estimates of $1.87 by $14.57. Alibaba Group had a net margin of 8.44% and a return on equity of 12.70%. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter in the previous year, the firm posted $2.47 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that Alibaba Group Holding Limited will post 6.96 earnings per share for the current fiscal year.
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.
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