Alibaba Group (NYSE:BABA) Downgraded by Zacks Research to “Strong Sell”

Alibaba Group (NYSE:BABAGet Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

BABA has been the topic of a number of other research reports. Barclays lowered their price objective on Alibaba Group from $190.00 to $186.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Loop Capital set a $140.00 target price on Alibaba Group in a research report on Tuesday, January 6th. Freedom Capital downgraded Alibaba Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Erste Group Bank lowered shares of Alibaba Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, DZ Bank downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a report on Friday, March 20th. Sixteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.68.

Read Our Latest Stock Analysis on Alibaba Group

Alibaba Group Trading Down 3.5%

Shares of NYSE BABA opened at $131.65 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $314.88 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.45 and a beta of 0.50. The business has a 50 day simple moving average of $135.36 and a 200 day simple moving average of $152.88. Alibaba Group has a 52 week low of $103.71 and a 52 week high of $192.67.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings results on Saturday, February 14th. The specialty retailer reported $0.13 EPS for the quarter. Alibaba Group had a net margin of 9.12% and a return on equity of 7.43%. The company had revenue of $40.71 billion for the quarter. On average, research analysts predict that Alibaba Group will post 4.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BABA. Northwestern Mutual Wealth Management Co. increased its position in Alibaba Group by 7,680.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,014,147 shares of the specialty retailer’s stock worth $881,554,000 after acquiring an additional 5,936,847 shares during the period. Capital World Investors boosted its holdings in Alibaba Group by 1,074.9% in the 3rd quarter. Capital World Investors now owns 6,038,318 shares of the specialty retailer’s stock valued at $1,079,229,000 after purchasing an additional 5,524,354 shares during the period. Norges Bank bought a new stake in Alibaba Group in the 4th quarter valued at $594,477,000. Artisan Partners Limited Partnership acquired a new stake in Alibaba Group in the 3rd quarter worth $290,208,000. Finally, Trivest Advisors Ltd acquired a new stake in Alibaba Group in the 3rd quarter worth $202,126,000. 13.47% of the stock is currently owned by institutional investors and hedge funds.

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About Alibaba Group

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Alibaba Group Holding Limited is a Chinese multinational conglomerate founded in 1999 in Hangzhou, China, by Jack Ma and a group of co‑founders. The company built its business around internet-based commerce and related services and has grown into one of the largest e-commerce and technology companies in the world. Alibaba completed a high‑profile initial public offering on the New York Stock Exchange in 2014.

The company operates a portfolio of online marketplaces and platforms serving different customer segments: Alibaba.com for global and domestic B2B trade, Taobao for consumer-to-consumer shopping, and Tmall for brand and retailer storefronts targeted at Chinese consumers.

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