Alibaba Group (NYSE:BABA) Trading Down 2.3% – Time to Sell?

Alibaba Group Holding Limited (NYSE:BABA)’s share price traded down 2.3% during mid-day trading on Monday . The company traded as low as $85.34 and last traded at $85.39. 5,621,846 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 17,534,895 shares. The stock had previously closed at $87.37.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Sanford C. Bernstein boosted their price target on Alibaba Group from $80.00 to $85.00 and gave the stock a “market perform” rating in a research note on Friday, August 16th. Macquarie raised shares of Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research note on Monday, October 7th. Truist Financial cut their price target on Alibaba Group from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, August 16th. Susquehanna dropped their target price on Alibaba Group from $135.00 to $130.00 and set a “positive” rating for the company in a research note on Monday, August 19th. Finally, Robert W. Baird lifted their price target on Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07.

Alibaba Group Trading Down 1.8 %

The firm has a market cap of $205.34 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.43 and a beta of 0.35. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $98.45 and a 200-day moving average price of $86.11.

Alibaba Group (NYSE:BABA) last issued 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 company had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. Alibaba Group’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $1.82 earnings per share. As a group, research analysts expect that Alibaba Group Holding Limited will post 8.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Concord Wealth Partners raised its position in shares of 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 in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Alibaba Group in the 2nd quarter valued at about $27,000. Highline Wealth Partners LLC bought a new stake in shares of Alibaba Group during the 3rd quarter valued at about $36,000. First Command Advisory Services Inc. acquired a new stake in Alibaba Group during the second quarter worth about $25,000. Finally, GPS Wealth Strategies Group LLC lifted 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 acquiring an additional 209 shares during the last quarter. 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.