Alibaba Group (BABA) Shares Gap Down to $177.32

Alibaba Group Holding Ltd (NYSE:BABA) shares gapped down before the market opened on Friday . The stock had previously closed at $183.07, but opened at $177.32. Alibaba Group shares last traded at $175.03, with a volume of 14664440 shares traded.

Several brokerages have recently weighed in on BABA. Argus reiterated a “buy” rating on shares of Alibaba Group in a research note on Friday, February 1st. HSBC lifted their price target on shares of Alibaba Group from $177.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 14th. Stifel Nicolaus reiterated a “buy” rating and set a $180.00 price target (up previously from $175.00) on shares of Alibaba Group in a research note on Thursday, January 31st. KeyCorp set a $200.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Monday, November 26th. One investment analyst has rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $211.07.

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The stock has a market cap of $453.12 billion, a P/E ratio of 43.43, a price-to-earnings-growth ratio of 1.73 and a beta of 2.31. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.20.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Wednesday, January 30th. The specialty retailer reported $12.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $10.83. The company had revenue of $117.28 billion for the quarter, compared to the consensus estimate of $118.52 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. Alibaba Group’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.63 EPS. As a group, equities analysts forecast that Alibaba Group Holding Ltd will post 3.65 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Alibaba Group by 7.4% in the 4th quarter. BlackRock Inc. now owns 67,733,482 shares of the specialty retailer’s stock valued at $9,284,230,000 after acquiring an additional 4,674,615 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Alibaba Group by 4.4% in the 4th quarter. Baillie Gifford & Co. now owns 47,311,293 shares of the specialty retailer’s stock valued at $6,484,958,000 after acquiring an additional 1,989,666 shares during the last quarter. Vanguard Group Inc. increased its holdings in Alibaba Group by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 37,571,661 shares of the specialty retailer’s stock valued at $6,190,307,000 after acquiring an additional 849,659 shares during the last quarter. Vanguard Group Inc increased its holdings in Alibaba Group by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 37,571,661 shares of the specialty retailer’s stock valued at $6,190,307,000 after acquiring an additional 849,659 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in Alibaba Group by 8.5% in the 3rd quarter. Capital Research Global Investors now owns 21,413,445 shares of the specialty retailer’s stock valued at $3,528,079,000 after acquiring an additional 1,670,726 shares during the last quarter. Institutional investors own 39.11% of the company’s stock.

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About Alibaba Group (NYSE:BABA)

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

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