Alibaba Group (NYSE:BABA) Shares Down 2.2% – Should You Sell?

Shares of Alibaba Group Holding Limited (NYSE:BABA) traded down 2.2% during trading on Friday . The stock traded as low as $168.12 and last traded at $170.1720. 13,134,870 shares traded hands during trading, a decline of 38% from the average session volume of 21,124,734 shares. The stock had previously closed at $173.93.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BABA shares. Benchmark lifted their price objective on shares of Alibaba Group from $176.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. Bank of America lifted their price target on Alibaba Group from $168.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, September 24th. Erste Group Bank raised Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Zacks Research lowered Alibaba Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. cut their price objective on Alibaba Group from $245.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Alibaba Group has a consensus rating of “Moderate Buy” and a consensus price target of $190.18.

Alibaba Group Stock Down 2.2%

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day simple moving average of $161.36 and a 200 day simple moving average of $133.28. The firm has a market cap of $406.04 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.40 and a beta of 0.18.

Institutional Investors Weigh In On Alibaba Group

A number of large investors have recently modified their holdings of the business. Temasek Holdings Private Ltd lifted its holdings in Alibaba Group by 23.4% in the first quarter. Temasek Holdings Private Ltd now owns 5,510,348 shares of the specialty retailer’s stock valued at $728,633,000 after acquiring an additional 1,045,789 shares during the last quarter. American Century Companies Inc. raised its position in Alibaba Group by 52.1% in the first quarter. American Century Companies Inc. now owns 2,293,085 shares of the specialty retailer’s stock valued at $303,215,000 after purchasing an additional 785,494 shares during the period. Verde Servicos Internacionais S.A. lifted its stake in shares of Alibaba Group by 6.9% in the 2nd quarter. Verde Servicos Internacionais S.A. now owns 67,773 shares of the specialty retailer’s stock valued at $7,686,000 after purchasing an additional 4,373 shares during the last quarter. Causeway Capital Management LLC grew its holdings in shares of Alibaba Group by 42.6% during the 1st quarter. Causeway Capital Management LLC now owns 1,356,010 shares of the specialty retailer’s stock worth $179,305,000 after purchasing an additional 404,842 shares during the period. Finally, Independent Advisor Alliance increased its position in shares of Alibaba Group by 53.1% during the 1st quarter. Independent Advisor Alliance now owns 13,043 shares of the specialty retailer’s stock worth $1,725,000 after purchasing an additional 4,521 shares during the last quarter. Hedge funds and other institutional investors own 13.47% of the company’s stock.

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.