Alibaba Group (NYSE:BABA) Stock Price Down 3.2% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s share price fell 3.2% during mid-day trading on Tuesday . The stock traded as low as $91.95 and last traded at $92.37. 7,016,483 shares changed hands during trading, a decline of 60% from the average session volume of 17,593,115 shares. The stock had previously closed at $95.42.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of Alibaba Group from $107.00 to $137.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. 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 note on Friday, August 16th. Loop Capital reiterated a “buy” rating and issued a $115.00 target price on shares of Alibaba Group in a research note on Thursday, August 29th. Susquehanna dropped their price target on shares of Alibaba Group from $135.00 to $130.00 and set a “positive” rating on the stock in a research report on Monday, August 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $116.00 price objective on shares of Alibaba Group in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $114.53.

Alibaba Group Trading Down 3.8 %

The stock has a 50-day moving average price of $97.49 and a two-hundred day moving average price of $85.28. The stock has a market capitalization of $219.81 billion, a PE ratio of 24.18, a PEG ratio of 0.42 and a beta of 0.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 1.41.

Alibaba Group (NYSE:BABA) last released its earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $248.32 billion. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts forecast that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Institutional Trading of Alibaba Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC raised its position in Alibaba Group by 6.0% during the third 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 raised its position in Alibaba Group by 14.6% in the second quarter. ICA Group Wealth Management LLC now owns 1,004 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 128 shares during the period. Cornerstone Wealth Management LLC boosted its stake in Alibaba Group by 4.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,400 shares of the specialty retailer’s stock worth $361,000 after buying an additional 139 shares during the period. First Trust Direct Indexing L.P. raised its position in Alibaba Group by 3.0% in 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. Finally, Concord Wealth Partners boosted its holdings in 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 acquiring an additional 155 shares during the period. Institutional investors own 13.47% of the company’s stock.

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.