Alibaba Group (NYSE:BABA) Shares Down 0% – Should You Sell?

Alibaba Group Holding Limited (NYSE:BABA) shares fell 0% on Wednesday . The company traded as low as $84.42 and last traded at $85.35. 3,854,345 shares traded hands during trading, a decline of 67% from the average session volume of 11,774,022 shares. The stock had previously closed at $85.38.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BABA shares. Citigroup raised their price target on Alibaba Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Mizuho increased their price objective on shares of Alibaba Group from $92.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Bank of America lifted their price target on shares of Alibaba Group from $106.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Macquarie upgraded Alibaba Group from a “neutral” rating to an “outperform” rating and set a $145.00 price objective on the stock in a report on Monday, October 7th. Finally, Barclays reduced their price target on shares of Alibaba Group from $137.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 19th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.13.

Alibaba Group Stock Performance

The firm has a market cap of $212.29 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 0.37 and a beta of 0.30. 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 company has a 50 day moving average of $85.53 and a 200 day moving average of $87.99.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, November 15th. The specialty retailer reported $15.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $13.19. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business had revenue of $236.50 billion during the quarter, compared to the consensus estimate of $239.45 billion. During the same quarter last year, the company earned $1.82 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that Alibaba Group Holding Limited will post 7.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new stake in Alibaba Group during the second quarter worth about $27,000. Concord Wealth Partners lifted its holdings in shares of Alibaba Group by 155.0% in the 3rd quarter. Concord Wealth Partners now owns 255 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 155 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Alibaba Group during the 4th quarter valued at approximately $31,000. Highline Wealth Partners LLC bought a new stake in Alibaba Group in the third quarter valued at $36,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Alibaba Group in the second quarter valued at $38,000. 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.