Alibaba Group (NYSE:BABA) Trading Down 0.6% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s share price was down 0.6% during trading on Monday . The company traded as low as $87.95 and last traded at $88.02. Approximately 4,484,223 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 17,636,059 shares. The stock had previously closed at $88.59.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BABA shares. Mizuho raised their target price on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price target for the company in a research report on Monday, October 7th. Jefferies Financial Group restated a “buy” rating and issued a $116.00 price target on shares of Alibaba Group in a research report on Friday, July 26th. Benchmark reiterated a “buy” rating and set a $118.00 price objective on shares of Alibaba Group in a research report on Friday. Finally, StockNews.com cut Alibaba Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.53.

Alibaba Group Stock Up 0.9 %

The firm has a 50-day moving average of $98.18 and a 200 day moving average of $85.70. The stock has a market capitalization of $213.94 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 0.39 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 quarterly earnings data on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $13.19. The firm had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a return on equity of 12.08% and a net margin of 7.31%. Alibaba Group’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.82 earnings per share. On average, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year.

Hedge Funds Weigh In On Alibaba Group

Several institutional investors have recently made changes to their positions in BABA. First Command Advisory Services Inc. bought a new position in Alibaba Group during the 2nd quarter valued at $25,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Alibaba Group by 139.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 359 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Alibaba Group during the second quarter worth $27,000. Concord Wealth Partners raised its holdings in shares of Alibaba Group by 155.0% during the third quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Finally, Highline Wealth Partners LLC acquired a new position in Alibaba Group during the third quarter worth $36,000. 13.47% of the stock is owned by institutional investors.

Alibaba Group Company Profile

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.