Alibaba Group (NYSE:BABA) Stock Price Down 1.7% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s stock price fell 1.7% during trading on Wednesday . The stock traded as low as $98.60 and last traded at $98.71. 4,271,673 shares traded hands during trading, a decline of 76% from the average session volume of 17,842,508 shares. The stock had previously closed at $100.46.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BABA. Robert W. Baird upped their price objective on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays upped their price objective on shares of Alibaba Group from $107.00 to $137.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $90.00 price objective on shares of Alibaba Group in a research note on Friday, August 23rd. JPMorgan Chase & Co. upped their price objective on shares of Alibaba Group from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Benchmark reissued a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.00.

Alibaba Group Trading Up 1.0 %

The stock’s fifty day moving average price is $93.79 and its 200 day moving average price is $82.91. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.17. The stock has a market cap of $246.97 billion, a PE ratio of 22.90, a PEG ratio of 0.55 and a beta of 0.35.

Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, August 15th. The specialty retailer reported $16.44 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $248.32 billion. During the same quarter in the prior year, the company posted $2.47 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Alibaba Group Holding Limited will post 7.93 EPS for the current year.

Institutional Investors Weigh In On Alibaba Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BABA. First Command Advisory Services Inc. purchased a new stake in Alibaba Group in the second quarter worth approximately $25,000. GPS Wealth Strategies Group LLC boosted its holdings in Alibaba Group by 139.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 209 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Alibaba Group in the second quarter worth approximately $27,000. Concord Wealth Partners boosted its holdings in Alibaba Group by 155.0% in the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in Alibaba Group in the first quarter worth approximately $31,000. Hedge funds and other 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.