Alibaba Group (NYSE:BABA) Shares Down 0.5% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price fell 0.5% during trading on Thursday . The stock traded as low as $84.42 and last traded at $84.60. 3,216,317 shares were traded during mid-day trading, a decline of 81% from the average session volume of 17,348,654 shares. The stock had previously closed at $85.00.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird boosted their price objective on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Loop Capital restated a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a report on Thursday, August 29th. Bank of America lifted their price objective on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. StockNews.com lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 14th. Finally, Barclays cut their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus target price of $114.07.

Alibaba Group Trading Down 0.7 %

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $93.28 and a 200 day moving average price of $86.49. The company has a market cap of $201.79 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.44 and a beta of 0.30.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, beating the consensus estimate of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analyst estimates of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS. As a group, sell-side analysts forecast that Alibaba Group Holding Limited will post 8.44 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. TRUE Private Wealth Advisors raised its holdings in shares of Alibaba Group by 3.7% during the third quarter. TRUE Private Wealth Advisors now owns 3,123 shares of the specialty retailer’s stock valued at $331,000 after buying an additional 112 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Alibaba Group by 6.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,152 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 121 shares in the last quarter. ICA Group Wealth Management LLC boosted its position in Alibaba Group by 14.6% during the 2nd quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 128 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Alibaba Group by 4.3% in the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 139 shares in the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Alibaba Group by 3.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,857 shares of the specialty retailer’s stock valued at $515,000 after purchasing an additional 143 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.

Alibaba Group Company Profile

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.