Alibaba Group (NYSE:BABA - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

BABA has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $125.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Morgan Stanley set a $180.00 price target on shares of Alibaba Group in a research report on Wednesday. Bank of America lifted their price objective on Alibaba Group from $117.00 to $150.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Barclays increased their target price on Alibaba Group from $130.00 to $180.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Loop Capital set a $176.00 price target on Alibaba Group in a research note on Friday. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $154.21.

Read Our Latest Analysis on Alibaba Group

NYSE BABA traded down $0.53 during mid-day trading on Friday, reaching $123.37. 19,911,692 shares of the stock were exchanged, compared to its average volume of 20,430,688. The company has a market capitalization of $294.59 billion, a P/E ratio of 17.83, a P/E/G ratio of 0.61 and a beta of 0.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The business's 50 day moving average is $123.70 and its 200-day moving average is $107.05. Alibaba Group has a 1 year low of $71.80 and a 1 year high of $148.43.

Alibaba Group (NYSE:BABA - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $2.77 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.07). The business had revenue of $38.38 billion for the quarter, compared to analyst estimates of $38.19 billion. Alibaba Group had a net margin of 12.29% and a return on equity of 12.89%. On average, equities research analysts forecast that Alibaba Group will post 7.86 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Alibaba Group during the 1st quarter worth approximately $26,000. Summit Securities Group LLC increased its stake in Alibaba Group by 100.3% during the first quarter. Summit Securities Group LLC now owns 200 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 59,000 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in Alibaba Group by 1,960.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 206 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 196 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at $31,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at $31,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

(Get Free Report)

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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