Alibaba Group (BABA) Shares Gap Down to $204.43

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Alibaba Group Holding Ltd (NYSE:BABA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $205.33, but opened at $204.43. Alibaba Group shares last traded at $204.43, with a volume of 24472348 shares traded.

Several equities analysts have commented on the stock. Raymond James reissued a “strong-buy” rating and set a $300.00 target price (up from $250.00) on shares of Alibaba Group in a research report on Thursday, May 24th. Wells Fargo & Co increased their target price on shares of Alibaba Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 14th. KeyCorp increased their target price on shares of Alibaba Group from $219.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, May 7th. Deutsche Bank set a $204.00 target price on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Thursday, April 5th. Finally, Oppenheimer increased their target price on shares of Alibaba Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, May 7th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $229.67.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. The stock has a market capitalization of $523.58 billion, a PE ratio of 50.29, a PEG ratio of 1.24 and a beta of 2.54.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). Alibaba Group had a return on equity of 16.61% and a net margin of 25.39%. The business had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.36 billion. During the same period last year, the company earned $0.63 EPS. equities research analysts anticipate that Alibaba Group Holding Ltd will post 5.36 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BABA. BlackRock Inc. increased its holdings in shares of Alibaba Group by 8.1% during the first quarter. BlackRock Inc. now owns 61,030,594 shares of the specialty retailer’s stock worth $11,201,556,000 after buying an additional 4,561,249 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Alibaba Group by 8,940.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,979,321 shares of the specialty retailer’s stock valued at $513,724,000 after purchasing an additional 2,946,365 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Alibaba Group by 29.7% in the first quarter. Franklin Resources Inc. now owns 7,528,395 shares of the specialty retailer’s stock valued at $1,381,773,000 after purchasing an additional 1,723,683 shares in the last quarter. Highbridge Capital Management LLC increased its holdings in shares of Alibaba Group by 103.2% in the first quarter. Highbridge Capital Management LLC now owns 45,800 shares of the specialty retailer’s stock valued at $8,406,000 after purchasing an additional 1,498,620 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in shares of Alibaba Group by 7.5% in the fourth quarter. OppenheimerFunds Inc. now owns 16,055,811 shares of the specialty retailer’s stock valued at $2,768,502,000 after purchasing an additional 1,122,712 shares in the last quarter. 37.83% of the stock is owned by hedge funds and other institutional investors.

About Alibaba Group

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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