Alibaba Group (NYSE:BABA) Trading Down 0.1% - Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA - Get Free Report) shares traded down 0.1% on Wednesday . The stock traded as low as $91.47 and last traded at $91.71. 4,049,221 shares were traded during mid-day trading, a decline of 77% from the average session volume of 17,598,031 shares. The stock had previously closed at $91.78.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BABA. Sanford C. Bernstein raised their price objective on Alibaba Group from $80.00 to $85.00 and gave the company a "market perform" rating in a report on Friday, August 16th. Loop Capital restated a "buy" rating and issued a $115.00 target price on shares of Alibaba Group in a research report on Thursday, August 29th. Morgan Stanley reiterated an "equal weight" rating and set a $90.00 price target on shares of Alibaba Group in a research report on Friday, August 23rd. Robert W. Baird upped their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Mizuho lifted their price target on Alibaba Group from $92.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.53.

Alibaba Group Stock Up 0.3 %

The stock's 50-day moving average price is $97.68 and its 200-day moving average price is $85.39. The stock has a market cap of $220.41 billion, a price-to-earnings ratio of 24.05, a P/E/G ratio of 0.41 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The specialty retailer reported $16.44 earnings per share (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 during the quarter, compared to analysts' expectations of $248.32 billion. During the same period last year, the company earned $2.47 earnings per share. The business's revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Institutional Investors Weigh In On Alibaba Group

Large investors have recently made changes to their positions in the business. Sanders Capital LLC boosted its position in Alibaba Group by 0.3% during the 3rd quarter. Sanders Capital LLC now owns 18,460,434 shares of the specialty retailer's stock valued at $1,959,021,000 after acquiring an additional 60,667 shares in the last quarter. FMR LLC boosted its position in shares of Alibaba Group by 454.2% in the 3rd quarter. FMR LLC now owns 3,611,571 shares of the specialty retailer's stock worth $383,260,000 after purchasing an additional 2,959,954 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Alibaba Group in the third quarter worth $287,000. Bank of Montreal Can purchased a new stake in Alibaba Group during the 3rd quarter valued at about $63,929,000. Finally, Douglass Winthrop Advisors LLC bought a new position in shares of Alibaba Group in the third quarter worth approximately $329,000. 13.47% of the stock is currently owned by 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.

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