Alibaba Group (NYSE:BABA) Stock Price Down 0.5% - Should You Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) traded down 0.5% during trading on Thursday . The stock traded as low as $81.82 and last traded at $81.99. 2,716,114 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 10,617,862 shares. The stock had previously closed at $82.44.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BABA shares. Barclays lowered their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 19th. Citigroup boosted their price target on Alibaba Group from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Friday, January 10th. StockNews.com cut Alibaba Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, December 14th. 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. Finally, Benchmark reaffirmed a "buy" rating and set a $118.00 price target on shares of Alibaba Group in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $115.13.

Alibaba Group Trading Down 0.0 %

The firm has a market cap of $196.38 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.40 and a beta of 0.30. The business has a fifty day moving average of $86.88 and a two-hundred day moving average of $87.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37.

Alibaba Group (NYSE:BABA - Get Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $13.19. The business had revenue of $236.50 billion during the quarter, compared to analysts' expectations of $239.45 billion. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.82 earnings per share. As a group, equities analysts expect that Alibaba Group Holding Limited will post 8.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alibaba Group

Several hedge funds have recently bought and sold shares of BABA. Generate Investment Management Ltd purchased a new stake in Alibaba Group during the 3rd quarter worth about $12,656,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of Alibaba Group by 63.9% during the third quarter. Nations Financial Group Inc. IA ADV now owns 28,716 shares of the specialty retailer's stock valued at $3,047,000 after buying an additional 11,192 shares during the period. Handelsbanken Fonder AB boosted its position in Alibaba Group by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 822,904 shares of the specialty retailer's stock worth $87,327,000 after acquiring an additional 50,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Alibaba Group by 7,734.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 269,805 shares of the specialty retailer's stock worth $28,632,000 after acquiring an additional 266,361 shares during the period. Finally, Aspex Management HK Ltd acquired a new position in Alibaba Group in the 3rd quarter valued at $115,995,000. 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.

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