Alibaba Group (NYSE:BABA) Stock Price Down 2.5% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA) shares fell 2.5% during mid-day trading on Wednesday . The stock traded as low as $94.79 and last traded at $96.70. 8,926,483 shares changed hands during trading, a decline of 49% from the average session volume of 17,594,711 shares. The stock had previously closed at $99.21.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein lifted their price target on Alibaba Group from $80.00 to $85.00 and gave the company a “market perform” rating in a research report on Friday, August 16th. Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays lifted their price target on Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Bank of America lifted their price target on Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Macquarie raised Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 target price on the stock in a report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.13.

Alibaba Group Price Performance

The firm has a fifty day moving average of $96.65 and a 200 day moving average of $84.70. The company has a market capitalization of $231.69 billion, a P/E ratio of 25.32, a P/E/G ratio of 0.46 and a beta of 0.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17.

Alibaba Group (NYSE:BABA) last announced its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $14.57. The business had revenue of $243.24 billion for the quarter, compared to analysts’ expectations of $248.32 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.47 earnings per share. On average, equities research analysts anticipate that Alibaba Group Holding Limited will post 8.08 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. First Command Advisory Services Inc. purchased a new position in shares of Alibaba Group during the 2nd quarter valued at about $25,000. GPS Wealth Strategies Group LLC lifted its position in shares of Alibaba Group by 139.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Alibaba Group during the 2nd quarter valued at about $27,000. Concord Wealth Partners lifted its position in shares of Alibaba Group by 155.0% during the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in Alibaba Group during the 3rd quarter valued at approximately $36,000. 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.