Alibaba Group (NYSE:BABA) Trading Down 3% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABAGet Free Report)’s share price fell 3% on Wednesday . The company traded as low as $99.69 and last traded at $99.27. 7,053,149 shares traded hands during trading, a decline of 65% from the average session volume of 20,367,746 shares. The stock had previously closed at $102.35.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BABA. Citigroup boosted their target price on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research report on Friday, November 15th. Barclays dropped their price objective on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, November 19th. Robert W. Baird upped their target price on shares of Alibaba Group from $88.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, StockNews.com downgraded Alibaba Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 14th. 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 data from MarketBeat.com, Alibaba Group currently has an average rating of “Moderate Buy” and a consensus price target of $115.13.

Check Out Our Latest Stock Analysis on Alibaba Group

Alibaba Group Stock Down 3.0 %

The business has a fifty day moving average of $87.19 and a 200 day moving average of $89.26. The company has a market capitalization of $236.25 billion, a PE ratio of 20.13, a PEG ratio of 0.42 and a beta of 0.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.16.

Alibaba Group (NYSE:BABAGet Free Report) last announced its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a return on equity of 12.28% and a net margin of 8.98%. The firm had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same period in the prior year, the company posted $1.82 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Alibaba Group Holding Limited will post 7.86 EPS for the current year.

Hedge Funds Weigh In On Alibaba Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in Alibaba Group by 47.2% in the fourth quarter. US Bancorp DE now owns 46,018 shares of the specialty retailer’s stock valued at $3,902,000 after purchasing an additional 14,752 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Alibaba Group by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 5,093,828 shares of the specialty retailer’s stock worth $431,906,000 after purchasing an additional 78,757 shares during the last quarter. Henry James International Management Inc. boosted its holdings in shares of Alibaba Group by 35.0% during the fourth quarter. Henry James International Management Inc. now owns 25,794 shares of the specialty retailer’s stock worth $2,187,000 after purchasing an additional 6,690 shares during the last quarter. Sage Investment Counsel LLC acquired a new position in shares of Alibaba Group during the 4th quarter valued at about $401,000. Finally, SVB Wealth LLC purchased a new position in Alibaba Group during the fourth quarter worth approximately $1,487,000. Institutional investors and hedge funds own 13.47% of the company’s stock.

About Alibaba Group

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.