Alibaba Group (NYSE:BABA) Stock Price Down 3.1% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s share price was down 3.1% during mid-day trading on Wednesday . The company traded as low as $105.62 and last traded at $106.28. Approximately 13,200,651 shares traded hands during trading, a decline of 26% from the average daily volume of 17,773,078 shares. The stock had previously closed at $109.68.

Analyst Upgrades and Downgrades

BABA has been the topic of several recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 target price on shares of Alibaba Group in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on shares of Alibaba Group from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Sanford C. Bernstein boosted their price target on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, August 16th. Robert W. Baird lifted their price objective on shares of Alibaba Group from $85.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Loop Capital reiterated a “buy” rating and issued a $115.00 price target on shares of Alibaba Group in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alibaba Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.12.

Alibaba Group Trading Down 1.0 %

The firm has a fifty day moving average price of $88.02 and a 200-day moving average price of $80.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $275.42 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 0.46 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating the consensus estimate of $1.87 by $14.57. Alibaba Group had a net margin of 7.31% and a return on equity of 12.08%. The firm had revenue of $243.24 billion during the quarter, compared to the consensus estimate of $248.32 billion. During the same period last year, the firm earned $2.47 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 7.93 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Command Advisory Services Inc. bought a new position in Alibaba Group in the second quarter valued at $25,000. GPS Wealth Strategies Group LLC lifted its holdings in Alibaba Group by 139.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after buying an additional 209 shares during the period. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group during the second quarter valued at approximately $27,000. Register Financial Advisors LLC purchased a new stake in Alibaba Group in the first quarter worth $31,000. Finally, Asset Dedication LLC lifted its position in shares of Alibaba Group by 315.0% in the 2nd quarter. Asset Dedication LLC now owns 527 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 400 shares during the period. 13.47% of the stock is owned by hedge funds and other institutional investors.

About Alibaba Group

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.