Alibaba Group Holding Ltd (NYSE:BABA) dropped 5.3% on Monday . The stock traded as low as $160.02 and last traded at $160.65. Approximately 32,142,361 shares changed hands during trading, an increase of 123% from the average daily volume of 14,382,063 shares. The stock had previously closed at $169.57.

BABA has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $211.00 price objective (up previously from $208.00) on shares of Alibaba Group in a research report on Thursday, January 31st. Oppenheimer boosted their target price on Alibaba Group from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, January 31st. SunTrust Banks reissued a “buy” rating and set a $200.00 target price (up previously from $180.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Barclays reissued an “overweight” rating and set a $200.00 target price (up previously from $195.00) on shares of Alibaba Group in a research note on Thursday, January 31st. Finally, KeyCorp set a $200.00 target price on Alibaba Group and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Alibaba Group presently has an average rating of “Buy” and an average price target of $216.85.

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.25. The company has a market cap of $434.29 billion, a PE ratio of 44.24, a P/E/G ratio of 1.40 and a beta of 2.27.

Alibaba Group (NYSE:BABA) last released its quarterly earnings data on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The company had revenue of $93.50 billion during the quarter, compared to the consensus estimate of $91.68 billion. During the same quarter in the prior year, the firm posted $5.73 earnings per share. The firm’s revenue was up 51.0% compared to the same quarter last year. On average, equities research analysts predict that Alibaba Group Holding Ltd will post 4.88 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its position in Alibaba Group by 46.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,967 shares of the specialty retailer’s stock valued at $906,000 after purchasing an additional 1,571 shares during the period. Diversified Trust Co increased its position in Alibaba Group by 23.5% during the 1st quarter. Diversified Trust Co now owns 29,577 shares of the specialty retailer’s stock valued at $5,396,000 after purchasing an additional 5,622 shares during the period. GYL Financial Synergies LLC acquired a new stake in Alibaba Group during the 1st quarter valued at approximately $227,000. Columbia Asset Management increased its position in Alibaba Group by 86.9% during the 1st quarter. Columbia Asset Management now owns 2,850 shares of the specialty retailer’s stock valued at $520,000 after purchasing an additional 1,325 shares during the period. Finally, Nordea Investment Management AB increased its position in Alibaba Group by 7.1% during the 1st quarter. Nordea Investment Management AB now owns 3,147,991 shares of the specialty retailer’s stock valued at $574,351,000 after purchasing an additional 208,793 shares during the period. 40.49% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://theolympiareport.com/2019/05/22/alibaba-group-baba-stock-price-down-5-3.html.

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.

Recommended Story: What are defining characteristics of a correction?

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.